Redefine International announces potential placing to raise minimum proceeds of £100 million

Posted On Thursday, 28 January 2016 11:21 Published by
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Redefine International announces its potential placing to raise minimum proceeds of £100 million.

CEO_Mike_Watters

Mike Watters, Chief Executive, of Redefine International, said: "The completion of the AUK Portfolio will represent another key milestone for Redefine International. Over the last five years we have overseen the successful transformation of the Company's corporate structure and asset base, significantly enhancing shareholder returns.

"We firmly believe that performance in the next phase of the property cycle will be primarily weighted towards income returns and rental growth, making our core strategy of recycling capital into assets which display strong income fundamentals and benefit from occupier demand, like those included in the AUK Portfolio, even more relevant. 

Tranche 1 of the AUK Portfolio has already exceeded expectations in terms of asset management opportunities and we are confident that completion of the acquisition of the remaining assets will provide us with the solid foundations to grow the capital value and income of our entire portfolio over the long term.

"Having carefully considered all funding options, we believe that this potential Placing would be in the best interests of Shareholders and the growth of the business as a whole."

Last modified on Wednesday, 02 March 2016 12:20

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