JSE and London Stock Exchange-listed Redefine Properties International announces that after the retirement of Philippe de Nicolay, Greg Clarke is appointed chairman of the diversified income focused property firm.

Redefine says that the implementation of the UK government’s comprehensive spending review and weak occupier demand have placed increased risk on lease renewals and relettings.

Redefine Properties International has announced that its subsidiary Redefine International plc will merge with Wichford.