This 9,740m2 retail centre is located in the primary trading area of Nelspruit, along the corridor to White River, which is currently experiencing extensive residential development.

“Riverside Value Mart services the local community in addition to the rural, semi-rural and eco-tourism communities located in a substantial radius around the centre. This acquisition represents good value resulting from its prime location within a growth area,” said Redefine Income Fund CEO Brian Azizollahoff.

Riverside Value Mart is fully let and anchored by Relyant Retail’s Furniture City and national franchise Fruit & Veg City. Other tenants include Baby Boom, Pro Shop, Valencia Retailers, Trappers and Stanley & de Kok.

"This retail property fits Redefine's profile of securing buildings with leading tenants, in prime locations and with good growth prospects," said Redefine Income Fund CEO Brian Azizollahoff.

The transaction will further assist in increasing Redefine's investment in physical properties, in accordance with its stated strategy.