The largest of these deals was a five-year lease with G4Security covering more than 1 100m2 at Eagle Park in the Western Cape, and approximately 1 600m2 of space was let in deals concluded at CTX Freight Park adjacent to Cape Town International Airport. 3 460m2 was let at Stevens & Co in Midrand, 9 654m2 at Wingfield Park in Jet Park and 4 611m2 additional space for Laser Logistics at 21 Wrench Rd in Isando.

Enhancing the profile of Redefine’s many existing blue chip tenants, leases were concluded with  some of South Africa’s leading companies including Standard Bank, Goodyear SA, Nedbank, DHL and Vodacom.

“These leases will contribute to the quality of Redefine’s rental income stream in terms of sustained income growth and lower volatility which will be to the benefit of linked-unitholders,” says Redefine Fund Manager Grant Abrahams.

The occupancy level in Redefine’s property portfolio was 96.5%% at the end of March 2008.

Madison Property Fund Managers’ leasing division manages Redefine’s leasing and these leases were secured with the assistance of Redefine’s well-established network of property brokers, including Broll (who also utilise the eProp Portal), Acumen, Watprop, JHI, Bradford McCormack and Chelsea Manhattan.