The entire 14,270m2 building, which was recently refurbished at a cost of approximately R30 million to meet A-grade criteria, is occupied by Alexander Forbes Group on a new 7-year triple net lease.

"The cash settlement of the purchase price is in line with Redefine’s stated strategy of reducing its holdings in listed securities, which are trading at a premium and investing the proceeds directly into the underlying assets," said Brian Azizollahoff, CEO of Redefine.

The acquisition is subject to Competition Commission approval.

For further information, please contact:
Redefine Income Fund
Brian Azizollahoff
Tel: 011 283 0000
Cell: 083 255 2351

Or

Marketing Concepts
Sandy Davey
Tel: 011 880 2213
Cell 083 453 6668