Redefine International has successfully placed 168,069,337 of its linked units with qualifying investors for an aggregate amount of R955.6m.

Redefine is on track to list its subsidiary, Redefine International, on the JSE on 7 September 2010, providing South African private and institutional investors with the opportunity to utilise Rands to invest in an international portfolio of properties

South Africans will have an opportunity to own properties in Germany and the UK by buying shares in Redefine International, which is expected to have an initial market capitalisation of R2,5bn.