Sale of Standard Bank Centre for R218m 'right kind of deal to move forward' Property loan stock company Redefine Income Fund has bought the 53 000m2 A-grade Standard Bank Centre on the Foreshore for R218 million. The purchase consideration will be settled by a combination of Redefine units and cash. This represents a purchase yield of 13.31% and is income enhancing. "This is just the kind of deal we aim to pursue going forward," says Redefine CEO Brian Azizollahoff. "Almost 90% of the lettable area comprises blue-chip major tenants including Standard Bank, Telkom, P and O Nedloyd and Santam."