Valuation of properties

It is Redefine’s policy to revalue the entire property portfolio on an annual basis. Properties valued at less than R20 million are valued by the directors on the basis of capitalising first year income into perpetuity. Properties worth more than R20 million are valued and certified by professional, registered third party independent valuers under the guidelines of the South African Institute of Valuers. The Ambit portfolio, acquired by ApexHi immediately prior to the merger, was valued by third party valuers.

      % of
    Property total
  Number of value portfolio
Properties valued properties R000 (by value)
Below R20 million by directors 157 1 750 068 9.7
Above R20 million independently 246 16 401 650 90.3
Total 403 18 151 718 100.0

 

 

 

 

 

 

 

 

 

 

 

 

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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