Analysis of Portfolio

At 31 August 2009, the Redefine portfolio comprised a total of 403 properties valued at R18,2 billion with a lettable area of 3,6 million m2.

      Number
of
leases 		GLA
      Office Retail Industrial Total  
  Number % m2 m2 m2 m2 %
Single tenanted properties 117 29 117 258 854 188 986 557 771 1 005 611 28
Multi tenanted properties 286 71 4 587 1 100 906 996 442 507 091 2 604 439 72
Total 403 100 4 704 1 359 760 1 185 428 1 064 862 3 610 050 100

Sectoral spread
To ensure risk is well spread, Redefine’s portfolio is appropriately divided between retail, office and industrial properties.

Sectoral spread by GLA

  Number of GLA  
  properties m2 %
Office 158 1 359 762 38
Retail 155 1 185 426 33
Industrial 90 1 064 862 29
  403 3 610 050 100

Sectoral spread by GLA

Sectoral spread by gross monthly rental

  Gross   Average
  monthly   rental
  rental   rate
  R000 % R/m2
Office 81 440 45 64,35
Retail 78 204 43 67,60
Industrial 22 775 12 25,96
Total 182 419 100 55,29

Sectoral spread by gross monthly rental

Geographical spread
Redefine is invested in quality properties throughout South Africa in its directly held property portfolio. The portfolio comprises properties located in concentrated nodes in all nine provinces.

Geographical spread by GLA

  GLA rate
  m2 %
Gauteng 1 977 151 55
Western Cape 587 692 16
KwaZulu-Natal 518 143 14
Mpumalanga 154 717 4
North West 112 783 3
Limpopo 108 339 3
Eastern Cape 103 917 3
Free State 32 397 1
Northern Cape 14 911 1
Total 3 610 050 100

Geographical spread by GLA

Geographical spread by gross monthly rental

  Gross monthly rental
R000		 rate
%
Gauteng 99 203 54
Western Cape 30 710 17
KwaZulu-Natal 24 778 14
Mpumalanga 7 329 4
Eastern Cape 6 361 3
North West 5 364 3
Limpopo 4 643 3
Free State 2 638 1
Northern Cape 1 393 1
Total 182 419 100

Geographical spread by gross monthly rental

LATEST HEADLINES

  • REDEFINE INTERNATIONAL RAISES £84-MILLION IN PRIVATE PLACEMENTTuesday, August 31st, 2010

    Redefine International has successfully placed 168,1-million linked units (private placement units), amounting to £84-million, under the private placement. A maximum of 180-million private placement units at a price of 50-pence per unit were available under the private placement. The company received applications for 153% of the minimum subscription amount of £55-million . The private placement precedes the listing of Redefine International in the “Real Estate – Real Estate Holdings and Development” sector of the Main Board of the JSE on 7 September 2010.

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  • REDEFINE MANDATORY OFFER TO HYPROP UNITHOLDERS CLOSEDMonday, August 30th, 2010

    Redefine Properties’ mandatory offer to Hyprop unitholders has closed and an additional 926 593 linked units (0.56%) were acquired by Redefine at the offer price of R50 per linked unit. The low acceptance was expected as the offer price was below the trading price of Hyprop’s units.

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