IAPF achieves AUD1.0bn portfolio value milestone through acquisitions and active asset management

JSE-listed diversified Real Estate Investment Trust (REIT) Redefine Properties (JSE: RDF) has bolstered its liquidity and began a process to refine its international holdings following an agreement to sell a 19.5% stake in Australia-listed Cromwell to Singapore-based ARA Asset Management Limited.

Redefine International disposes of 54.24m Cromwell Property shares held through subsidiary Redefine Australian Investments for a consideration of GBP30.66m, says group.

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