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).

UK REIT New Frontier Properties reported a recurring profit of £2,232,000 for the period which is slightly ahead of expectations after taking into account the timing of the purchase of The Houndshill Shopping Centre in Blackpool part way through the period.

Redefine International, the FTSE 250 income focused UK Real Estate Investment Trust, announces that it is has acquired a 25.35% shareholding in the International Hotel Group Limited for c. £3.8million.

Redefine International acquires the remaining 10% of the issued share capital in Redefine International Fund Managers Europe Limited.

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

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 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 P.L.C., which has a primary listing on the London Stock Exchange and a secondary listing on the Johannesburg Stock Exchange has commenced trading as a UK-REIT on both bourses today.

Thursday, 07 November 2013 13:39

Redefine International aims for UK-REIT status

Redefine International P.L.C., which is dual listed on the London and Johannesburg Stock Exchanges, announced that it intends converting to a UK-REIT and internalising its management function.

Page 1 of 2

Most Popular

Residential sectional title sales again on the rise

May 27, 2021
Andrew_Golding_Golding_PropertyGroup
Over the past 15 years, the sectional title market in South Africa has become entrenched…

Pick n Pay and Fortress co-invest in a super distribution centre development

May 26, 2021
Fortress_Pick_n_Pay
Fortress REIT announced that their biggest logistics development to date was signed with…

Ongoing property market uncertainty makes the right finance partner key to extracting value

May 26, 2021
Claire Denny
Results from the listed property sector in 2020 showed property values reducing by an…

Exemplar REITail declares final dividend of 49.07 cps and announces 100% distribution

May 25, 2021
Mall of Thembisa
Rural and township retail specialists, Exemplar REITail, have declared a final dividend…

East Rand Mall will soon deliver the first phase of its major taxi rank upgrade

May 26, 2021
Phase 1 upgrade to the taxi rank at EastRand Mall
The first-phase upgrade of East Rand Mall taxi rank in the retail heart of Boksburg,…

Please publish modules in offcanvas position.