Redefine Properties (JSE: RDF) announced today that its competitive bidding process to sell its interest in Journal’s two student properties in Australia has been concluded at A$459 million.

JSE-listed diversified real estate investment trust Redefine Properties has delivered another solid performance after increasing its distribution by 7.5% to 44.82 cents per share for the six months to 28 February 2017.

Redefine embarked on a strategy some six years ago to upgrade the quality and efficiency, as-well-as extend the lease maturity profile of our local portfolio and geographically diversify into real estate markets operating in hard currency markets.

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