Redefine International, the opportunistic income focused FTSE 250 UK-REIT, is pleased to announce that it has successfully completed on the acquisition of the second tranche of the Aegon UK (“AUK”) portfolio for a purchase price of GBP204.7 million (GBP213.2 million including costs).

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

Redefine International CEO Mike Watters believes the refocusing of the group's strategy to invest only in Germany and the UK has made its 2015 financial year a success.

Wednesday, 09 September 2015 11:10

UK portfolio helps Redefine International bulk up

Redefine International, the London and JSE-listed diversified property fund, acquires a R10bn property portfolio in the UK as it aggressively builds up its asset base.

Redefine International, the FTSE 250 UK Real Estate Investment Trust announces that it has disposed of its entire remaining shareholding in the Cromwell Property Group, held through its 100% owned subsidiary Redefine Australian Investments Limited.

IndluPlace Properties is likely to pave the way for more specialist property listings. Redefine International’s hotel exposure is already at 20% of total assets so a separate hotel listing is the logical route.

Redefine BDL plans to have 100 hotels in its management portfolio in 2 years' time strengthening its position as the largest hotel manager in the UK.

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

Redefine Properties today announced a restructuring and re-alignment of its board of directors and executive management.

SA shareholders of Redefine International continue to be rewarded on both the income and capital growth front.

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