Redefine Properties has announced its decision to move the property management function of its portfolio in-house thereby severing a long term relationship with Broll

Redefine Properties, is moving the property management function of its portfolio in-house.

Redefine Properties has announced a change in the board of directors, following its recent merger with ApexHi and Madison

ApexHi Properties Limited has approved a R47-million refurbishment of the Terminus building in Klerksdorp

Finance Minister Trevor Manuel’s allocation of an additional R13,2-bilion to the social grants programme bodes well for ApexHi Properties Limited’s one million square meter retail portfolio

ApexHi Properties Limited has sold 21 properties for R266-million, realising a surplus on the June 2008 valuation of R15,6-million

APEXHI Properties will spend R1bn between now and next year to refurbish its properties.

With acquisition activity having slowed, ApexHi Properties Limited aims to invest R1-billion in refurbishment projects to grow income in its portfolio. Projects worth R570-million are already underway, and refurbishments for a further R357-million are currently in planning phases.

In the six months from 1 July 2007 to 31 December 2007 ApexHi concluded leasing deals worth about R630-million on 405,000m2 of space, renewing 86% of the leases that expired in the period and increasing renewal rentals by 18%

The eight-year old Game shopping complex in York Street in the George CBD has been sold by the Pretoria-based Moolman Group to ApexHi Properties for R87,5-million