The sudden resignation of Redefine Properties joint CEO and director Wolf Cesman for 'personal reasons' has caught the market off guard.
Redefine Properties has increased its holding in Ciref, the AIM-listed property investment company, to 61% in a series of transactions.
SA’s second-largest listed property group, Redefine Properties, is eyeing the European and Australian property markets from next year and plans to raise capital for acquisitions in these markets.
Redefine Income Fund has acquired competition authority approval to acquire the linked units of ApexHi Properties and Madison Property Fund Managers Holdings.
Redifine Income Fund, ApexHi Properties and Madison Property Fund Managers have announced distributions to the end of last month, aligning all unitholders to the same period to pave the way for the proposed merger of the three companies.
The Competition Commission has approved a bid by ApexHi Properties to buy the shares it did not already own in Ambit Properties.
ApexHi Properties has acquired four properties adjacent to the Jewel City precinct in the Johannesburg inner city for R40m.
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