Diversified income focused property firm, Redefine International, announced in 2012 that it has through its 71% held subsidiary Redefine Hotel Holdings (RHH) Limited, acquired  60% of the issued shares in BNRI Earls Court Limitedfrom Camden Lock and Earls Court LLP for the purchase price of GBPounds 8.7 million. The purchase price plus transaction costs of £0.4 million reflected a net initial yield of 7.5% and was funded by the Company and its co-investors in RHH on a pro-rata basis.