Shareholders of Redefine Properties, one of the country’s largest listed property companies, have approved the establishment of an Empowerment Trust - a move that will materially bolster its BBBEE credentials.

Redefine Properties today reported distribution growth of 7.1% to 39 cents per share for the half year to 28 February 2015, delivering on its market guidance.

Redefine acquires Leaf Capital office portfolio trophy assets to transform valuable Western Cape portfolio

Property group Fountainhead sees its market cap grow by nearly 50% between February 2014 and February 2015‚ to about R12bn.

Redefine Properties, SA’s third biggest real estate investment trust, hopes the takeover of Fountainhead Property Trust will be finalised by August.

When Redefine Properties unexpectedly announced in August last year that founder Marc Wainer would step down as CE, shareholders no doubt had a few sleepless nights.

Redefine contemplates another attempt for Fountainhead assets

Tuesday, 10 February 2015 22:42

Andrew Konig

Andrew Konig has been the Chief Executive Officer of Redefine Properties Limited since August 1, 2014.

Published in Property Leader

Redefine's full year results ahead of guidance delivering 8.5% distribution growth

Wednesday, 29 October 2014 07:37

Fountainhead Property Trust CEO resigns

Fountainhead Property Trust CEO Len van Niekerk resigns as executive director and Andrew Konig is appointed as the CEO with effect from November 30‚ says company.

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