Forecast total distributions for the financial year to 31 August 2007 of 50.62 cents per linked unit represent growth of 19% on the 42.7 cents per linked unit for the financial year ended 31 August 2006.

“Besides the additional income from Spearhead, Redefine’s strong first quarter distribution was influenced by a noteworthy growth in income from its portfolio of listed counters and its acquisition of CBS Property Portfolio linked units,” explains CEO Brian Azizollahoff.

The strategic acquisition criterion of Redefine has ensured that properties have been purchased at income enhancing yields.  Azizollahoff further points out that Redefine has experienced the full effects of improved performance from the company’s property portfolio which delivered higher rentals combined with reduced expenses as well as the effects from lower interest rates on a portion of debt.

The robust performance of both its property portfolio and listed securities portfolio positions Redefine for continued growth.