Redefine Properties International Limited (RIN), the JSE listed holding company of Redefine International P.L.C. (“RI PLC”), today announced its annual results for the year ended 31 August 2012.
Redefine International says that part of the capital raised in its private placement of units will be used to subscribe for additional shares in Redefine International plc.
Redefine is on track to list its subsidiary, Redefine International, on the JSE on 7 September 2010, providing South African private and institutional investors with the opportunity to utilise Rands to invest in an international portfolio of properties
South Africans will have an opportunity to own properties in Germany and the UK by buying shares in Redefine International, which is expected to have an initial market capitalisation of R2,5bn.
Severe market conditions particularly in the UK, saw CIREF - Corovest International’s property fund listed on the London Stock Exchange AIM Market - reporting a net loss of R406,6 million (£25,9 million) for the year to September 2008
COROVEST Capital Property Investment has entered the UK retail property market, buying 20% equity in a £241m fund that holds four UK subregional shopping centres.
Flurry of new listings boasting high-risk yields of more than 18% The JSE's property loan stock (PLS) sector is expanding fast and, for the first time, investors have a real choice between quality yields of 11% or high risk at more than 18%. They can also choose between office, retail and industrial subsectors.
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