Redefine International today announced it has agreed to purchase the remaining 40% of the issued shares in BNRI Earls Court Limited to secure full ownership of the Holiday Inn Express Hotel in Earls Court, London.

Redefine International successfully completed its accelerated bookbuild capital raise earlier today. The placement was substantially oversubscribed with strong demand from both the UK and South African investors resulting in the total share placement being increased to 9.9% of the current issued ordinary share capital prior to the Placing.

Redefine International will place 86.64-million new shares‚ representing 7.5% of the company’s issue share capital, says group. 

2014 is set to be the best year for commercial property in first world economies, since the onset of the global financial crisis in 2008, according to Redefine International CEO Mike Watters.

Redefine International today announced it has agreed to sell the St Anne's House office building in Croydon, England for £8.4 million, £3.4 million above the property's 31 August 2013 book value.

Redefine International P.L.C was the top performing share on the JSE in December 2013, delivering 22% growth in share price during the month, according to Bloomberg.

Redefine International today announced changes to its board that will strengthen it with significant financial and real estate experience, following its conversion to a UK Real Estate Investment Trust.

Redefine International completes the sale of the Lyon House and Equitable House sites in Harrow for GBP13.77m.

Redefine International completes the acquisition of the Weston Favell Shopping Centre for GBP84m.

Monday, 26 November 2012 08:21

Redefine acquires Earls Court hotel

Redefine Properties International has acquired 60% of the issued shares in BNRI Earls Court from Camden Lock and Earls Court LLP for £8.7m, which complements the group’s existing portfolio of six high-quality hotels.

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