Redefine Properties has announced a change in the board of directors, following its recent merger with ApexHi and Madison
Redefine Income Fund has acquired competition authority approval to acquire the linked units of ApexHi Properties and Madison Property Fund Managers Holdings.
Redefine Income Fund has recorded a headline loss per linked unit of 8.41c for the six months ended February from a profit of 9.82c in the year earlier period.
Redefine Income Fund linked unitholders voted in favour of the company's acquisition of ApexHi Properties and Madison Property Fund Managers.
ApexHi Properties Limited has offered to acquire all the Ambit linked units that it does not already own in a scheme of arrangement with Ambit unit holders
Listed property has shone amongst South Africa’s top 100 companies, based on share-price performance
The listed property sector will continue to see distribution growth next year, albeit at lower levels than in the past few years.
In it's first major acquisition in 15 months, listed property loan stock company ApexHi Properties has bought a 34,85% interest in Ambit Properties for R597,9m.

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