Redefine International, the opportunistic income focused FTSE 250 UK-REIT, is pleased to announce that it has successfully completed on the acquisition of the second tranche of the Aegon UK (“AUK”) portfolio for a purchase price of GBP204.7 million (GBP213.2 million including costs).
UK REIT New Frontier Properties reported a recurring profit of £2,232,000 for the period which is slightly ahead of expectations after taking into account the timing of the purchase of The Houndshill Shopping Centre in Blackpool part way through the period.
Redefine International, the FTSE 250 income focused UK Real Estate Investment Trust, announces that it is has acquired a 25.35% shareholding in the International Hotel Group Limited for c. £3.8million.
Redefine International acquires the remaining 10% of the issued share capital in Redefine International Fund Managers Europe Limited.
SA shareholders of Redefine International continue to be rewarded on both the income and capital growth front.
Redefine International today announced it has agreed to purchase the remaining 40% of the issued shares in BNRI Earls Court Limited to secure full ownership of the Holiday Inn Express Hotel in Earls Court, London.
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 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.
Redefine International P.L.C., which has a primary listing on the London Stock Exchange and a secondary listing on the Johannesburg Stock Exchange has commenced trading as a UK-REIT on both bourses today.
Redefine International P.L.C., which is dual listed on the London and Johannesburg Stock Exchanges, announced that it intends converting to a UK-REIT and internalising its management function.
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