The respective boards of directors of Redefine and Pivotal are pleased to announce that they have signed a document setting out the terms and conditions upon which Redefine offered to acquire all of the Pivotal shares from Pivotal shareholders.

The Pivotal Fund Limited (‘Pivotal’), a development focused property fund, today confirmed that it has entered into an agreement with Redefine Properties Limited (“Redefine”), in terms of which Redefine has offered to acquire all of Pivotal’s issued shares from Pivotal shareholders.

Echo Polska Properties (EPP), in which South Africa’s Redefine Properties (JSE: RDF) holds a strategic 49.9% investment, lists on the JSE in September during a particularly exciting time for real estate in Poland.

Echo Polska Properties (EPP), which lists on the JSE in September following a listing on the Euro MTF market of the Luxembourg Stock Exchange (LuxSE) in August, remains excited about the prospects for the Polish real estate market despite the current volatility in Europe and other markets around the world.

The weaker economic outlook continues to add pressure on office rentals, but JSE-listed diversified real estate investment trust Redefine Properties (JSE: RDF) says a well located office block with the right offering "should let".

Redefine Properties’ Black River Park in Cape Town has cemented its position as Africa’s largest integrated photovoltaic (PV) plant when it turned on phase 3 of its PV installation earlier this month.

Now may be Growthpoint Properties' best opportunity to buy a UK company outright or an interest in one.

Echo Polska Properties (EPP), in which South Africa’s Redefine Properties (JSE: RDF) holds a strategic 49.9% stake, is aiming to list on the Luxembourg Stock Exchange (LuxSE) in August 2016 followed by a listing on the Johannesburg Stock Exchange (JSE) in September 2016.

Redefine Properties raised R1,5 billion yesterday through the placing of 133,333,334 new shares at a price of R11.25 per share, through an accelerated book build, which was well over subscribed.

SA's listed property companies struggle to find well priced acquisition opportunities and takeovers are becoming more difficult to achieve now as there are no easy targets.

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