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Redefine gets the green light on annuity deal

Published: 05 June 2014

Redefine Properties today announced that it has received unconditional approval from the Competition Commission to conclude the acquisition of the entire issued share capital of Annuity Properties as well as Annuity's asset and property management companies. Annuity unitholders also gave their approval for Redefine to acquire the entire issued share ... Read more

Redefine continues to deliver ahead of market expectations

Published: 08 May 2014

Redefine Properties today reported continued growth in its financial results for the six months ended 28 February 2014, exceeding market guidance. Redefine achieved a 13% increase in distributable income, which translates into an increase of 8% in distribution per linked unit for the period of 36.4 cents. The sustained expansion ... Read more

Redefine makes firm offer to acquire annuity

Published: 14 March 2014

In a joint announcement on the JSE's SENS today, Redefine and Annuity Properties informed the market that they have agreed that Redefine will acquire the entire issue capital of Annuity by way of a scheme of arrangement, and Annuity's asset and property management companies. According to Redefine's offer, Annuity linked ... Read more

SA listed property will keep a close eye on sovereign risk, quantitative easing and interest rates in 2014

Published: 20 January 2014

South Africa's listed property sector can expect another interesting year in 2014 according to Redefine Properties CEO Marc Wainer, who predicts interest rates will be one of the most important underlying forces for the sector. "The direction interest rates take could have a dramatic impact on the prices of listed ... Read more

Redefine raises R1.3 billion in accelerated offering

Published: 26 November 2013

Redefine Properties has announced it increased its R1 billion equity raise, through an accelerated bookbuild that opened this morning, to R1.3 billion after strong demand resulting in an oversubscription of 1.5 times. The offering was priced at R9.60 per Redefine linked unit. The proceeds of this placement will be used ... Read more

Redefine delivers full-year results ahead of market guidance and further strengthens its portfolio

Published: 23 April 2013

Redefine Properties today reported distribution growth of 7.3% to investors for the year ended 31 August 2013, outperforming expectations. Redefine's net asset value increased by 8.6%. Marc Wainer, CEO of Redefine, attributes this solid performance to the continued success of Redefine's strategy which has expanded its local property portfolio through ... Read more

Redefine appoints new director and advances its board strategy

Published: 23 April 2013

Redefine Properties has announced that Robert Robinson has been appointed as an independent non-executive director to the Board of Directors of Redefine. Robert brings with him a wealth of business and property experience gained over his 35 years with Sasol, where he initially excelled as an economist and then went ... Read more