In one of the largest local property transactions of the year, Pivotal shareholders approved the transaction in which JSE-listed, internationally diversified real estate investment trust Redefine Properties (JSE: RDF) will acquire all of the shares in property developer and capital growth fund Pivotal.

JSE-listed, internationally diversified real estate investment trust Redefine Properties (JSE: RDF) has harnessed the benefits of a diversified portfolio and operational efficiencies to deliver a solid performance for the full year to end August 2016.

Redefine Properties has been recognised as a Top Employer in South Africa by The Top Employers Institute, for its exceptional employee offerings for the second time in a row.

JSE-listed diversified real estate investment trust Redefine Properties (JSE: RDF) has announced its intention to acquire the entire issued share capital of The Pivotal Fund (JSE: PIV).

Echo Polska Properties (EPP), in which South Africa’s Redefine Properties (JSE: RDF) holds a strategic 49.9% investment, lists on the JSE in September during a particularly exciting time for real estate in Poland.

Echo Polska Properties (EPP), in which South Africa’s Redefine Properties (JSE: RDF) holds a strategic 49.9% stake, is aiming to list on the Luxembourg Stock Exchange (LuxSE) in August 2016 followed by a listing on the Johannesburg Stock Exchange (JSE) in September 2016.

Redefine Properties raised R1,5 billion yesterday through the placing of 133,333,334 new shares at a price of R11.25 per share, through an accelerated book build, which was well over subscribed.

Today Redefine Properties has fulfilled all of the conditions necessary to finalise its 75% plus one share investment into a 1.2 billion Euro high-yielding commercial platform comprising 18 properties in the Polish market.

Redefine Properties (JSE: RDF) has reported a 6.9% increase to 41.7 cents a share in the distribution for the six months to end February 2016.

The country’s third-largest real estate investment trust singles out 2014 as “a milestone year” for its development team.

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