JSE’s offshore-focused property stocks outperform South African-based property stocks by far for the year to date.

Redefine International sees the move as part of a broader strategy to address negative market perceptions and raise the company’s profile in the UK.

Redefine Properties International is to seek shareholder approval to unbundle RIN and inward list RI PLC on the JSE.

Redefine International‚ the London-listed subsidiary of JSE-listed Redefine Properties International‚ said on Monday its acquisition of three shopping centres in Germany was completed on August 30.

Showcasing the opportunity for South African investors to invest in a reliable Rand hedge, Redefine International (PLC) today announced it has acquired three prime retail properties in Germany. 

Redefine International announced it has received approval from the South African Reserve Bank (SARB) to inward list on the Johannesburg Stock Exchange, subject to certain conditions. 

Redefine International plc acquires the remaining minority interests in its Newington House‚ Ciref Malthurst and Trito Kwik-Fit entities for GBP1.9m.

South Africa’s listed property sector finally succumbed to a weaker Rand, higher bond yields and ‘private placement fatigue’ during the week ending 24 May 2013.