These rand hedge property counters‚ which receive 100% of their earnings in either US dollars‚ British pounds‚ euro or Australian dollars‚ were some of the JSE's biggest money-spinners over the past year.

Redefine International is pleased to announce that the Cromwell Property Group ("Cromwell"), in which the Company currently has a 13.19% interest, has released its results for the half year ended 31 December 2013.

Redefine International successfully completed its accelerated bookbuild capital raise earlier today. The placement was substantially oversubscribed with strong demand from both the UK and South African investors resulting in the total share placement being increased to 9.9% of the current issued ordinary share capital prior to the Placing.

Redefine International will place 86.64-million new shares‚ representing 7.5% of the company’s issue share capital, says group. 

Redefine International strengthens its executive management team with the appointment of Adrian Horsburgh to the board.

2014 is set to be the best year for commercial property in first world economies, since the onset of the global financial crisis in 2008, according to Redefine International CEO Mike Watters.

Redefine International today announced it has agreed to sell the St Anne's House office building in Croydon, England for £8.4 million, £3.4 million above the property's 31 August 2013 book value.

Redefine International says its portfolio occupancy level rises to 97.6% in the three months ended December 2013, from 97.3% in the three months to end-August 2013.

Local analysts are cautiously optimistic about SA's listed property sector.

Redefine International P.L.C was the top performing share on the JSE in December 2013, delivering 22% growth in share price during the month, according to Bloomberg.

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