From modest origins in 1999, Redefine has grown exponentially to deliver consistent value for all our stakeholders. Our track record to date demonstrates our ongoing commitment to unlocking further value.
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
REIT with largest solar footprint in South Africa
44 Green Star-rated buildings
Market cap of R56.2 billion
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2019
Improved board independence. 88% of non-executive directors are independent and over 50% is female
Carbon emissions savings from our solar installations equate to taking approximately 7 340 passenger cars off the road
Total portfolio gross lettable area (GLA) of 4.5 million m2
74 Green Star SA certifications
233 stakeholders engaged with the second Challenge Convention at Maponya Mall
740 mentees matched to mentors under The Mentorship Challenge
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2020
Improved board independence. 100% of non-executive directors are independent and over 60% is female
Carbon emissions savings from our solar installations equate to taking approximately 7 260 passenger cars off the road
Concluded property asset disposals to realise R13.4 billion
Property assets under management valued at R81.0 billion
Reduced geographic and currency risk exposure; 81.0% of asset platform is now local
101 Green Star SA certifications
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2021
Winner of EY’s 2021 excellence in integrated reporting awards
Achieved an 88th percentile ethical cultural ranking from the employee ethics risk survey
Joined the UN Global Compact
Achieved the largest bulk Green Star existing building performance certification for 40 buildings
Committed to all building converted to net zero carbon, water and waste by 2050
Property assets under management valued at R72.9 billion
