From modest origins in 1999, Redefine has grown exponentially to deliver a market capitalisation of R56.2 billion in 2018. Our position as a Top 100 Company and inclusion in the JSE Top 40 Index is testament to the value we have generated for all our stakeholders.
1999-2008
Redefine Income Fund was established in 1999 and listed in February 2000 with a market cap of R463 million and a R1.1 billion asset base
Market cap had grown to R6.1 billion by 2008
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2009
Redefine Income Fund, ApexHi and Madison merge to form Redefine Properties Limited
Market cap increased to R19.3 billion
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2010
Redefine International listed on the JSE as part of a dual listing structure
Market cap increased to R21.5 billion
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2011
Internalised property management to streamline business processes and to reduce costs
Market cap of R22.3 billion
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2012
We're not Landlords. We're people. \u2013 We undertook a significant rebranding
Acquired the Fountainhead Manco for R660 million
Market cap of R26.6 billion
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2013
Acquired a controlling stake in Fountainhead and increased its holding in Cromwell to 12.5%
Awarded the tender to develop new Webber Wentzel attorney offices in Sandton valued at approximately R1.1 billion
Market cap of R30.2 billion
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2014
REIT status approved
Redefine completed its maiden direct offshore property acquisition a 50% share in the landmark Northpoint Tower located in North Sydney, Australia
Market cap of R36.4 billion
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2015
Secured the takeover of Fountainhead Property Trust's portfolio
Acquired the Macsteel portfolio and the Leaf Capital portfolio
Announced intention to make a 51% investment in Respublica for R200 million
Market cap of R54.8 billion
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2016
Offer to acquire Pivotal advances local strategy
The acquisition of EPP in Poland
Market cap of R58.1 billion
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2017
Integration of Pivotal completed
Expansion in Poland and student accommodation in Australia
Delta sale – a transformation initiative
Market cap of R61.8 billion
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2018
Invested R3.1 billion into Polish logistics platform
Invested in the Challenge Revolution and integrated stakeholder engagement during the year
