“Income growth is expected to continue, despite the current global economic situation which is having an impact on virtually all stock exchange listed companies internationally,” explains CEO Brian Azizollahoff.

The robust performance of both its property portfolio and listed securities portfolio positions Redefine for continued growth.  Redefine is on track to achieve its forecast distribution growth for the full financial year to 31 August 2008.

Redefine’s strong first quarter distribution was influenced by a noteworthy growth in income from its property portfolio and its portfolio of listed counters.

Futhermore the strategic acquisition criterion of Redefine has ensured that assets have been purchased or developed at income enhancing yields.  Azizollahoff points out that the full effect of the acquisition of Spearhead will be evident in this financial year.