Listed property stock Redefine announced on Wednesday it would be purchasing fourteen office and industrial properties for R1.8 billion rand from Zenprop group, payable in cash.

The company labelled the properties as "high quality" and said the acquisitions were in line with its strategy to improve the quality of its core property portfolio.

The aim is to do this through an investment focus on larger, well-located high-grade investment properties, which are mostly single tenanted.