Redefining prospects

Posted On Wednesday, 25 April 2007 02:00 Published by
Rate this item
(0 votes)
Redefine Income Fund produced yet another solid performance with a 15% increase in distributions for the six months to February this year.
24 April 2007

Redefine Income Fund produced yet another solid performance with a 15% increase in distributions for the six months to February this year.

And prospects are looking good for the  property  company, which recently concluded the takeover of Spearhead Property Holdings, a top performing listed  property company based in Cape Town.

Redefine also has13 property  projects with an estimated cost of R1,2 billion in various stages of development at an initial average forward yield of 10% and a further five developments with an estimated cost of R1,3 billion being planned.

The company should also see further upside from an increase in vacancies as a result of the Spearhead acquisition because of the increase in the size of the overall  property  portfolio.

There is massive demand for space in the commercial  property sector, which includes retail, offices and industrial  property .

Business Day
 
 
 
 
 


Publisher: I-Net Bridge
Source: I-Net Bridge

Most Popular

Repo rate unchanged at 3.5%

Mar 25, 2021
Lesetja_Kganyago_SARB_Governor
The Monetary Policy Committee has decided against altering the repo rate, deciding to…

Park Village Auctions brings to market a well Designed Factory with Offices

Apr 05, 2021
Default Image
Park Village Auctions brings to market a well Designed Factory with Offices

The Business Exchange announces new Dollar-based investment opportunity for South Africans

Apr 06, 2021
David_Seinker_CEO_The_Business_Exchange
Serviced office space provider The Business Exchange (TBE), in partnership with Maxcity…

Absa partners with Amdec Group to bring iconic Harbour Arch development to fruition

Mar 30, 2021
Harbour _Arch_Context
Absa Bank has partnered with Amdec Group, South Africa’s leading developer of new urban…

Growthpoint completes Cintocare Hospital development - the first of its kind for Africa

Apr 06, 2021
Street view of the Cintocare Hospital
A 11 000 sqm specialised surgical hospital development by Growthpoint Properties (JSE:…

Please publish modules in offcanvas position.