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Redefine CEO Mark Weiner and Andrew Konig celebrate their JSE listing.
Johannesburg – Property investors have just been given another investment option on the JSE.
Redefine International [JSE: RPL] on Monday completed its inward listing on the JSE’s Main Board following a group restructuring to facilitate South African direct investment in the real estate property group.
On Tuesday, the diversified income focused property group, which has a primary listing in London, posted full year distributable income growth of 18% and a total shareholder return of 58.9%. Results were for the year to August 31 2013.
Michael Watters, Group CEO of Redefine International, said the group believes the inward listing on the JSE will unlock investor value by improving the liquidity and tradability of Redefine International, reduce fee costs by eliminating duplication and significantly enhance the group’s ability to raise capital.
"It also makes the benefits of an investment in Redefine International more accessible to South African investors,” he said.
The fund’s investment portfolio is valued over £1bn and comprises real estate assets across the UK, Europe and Australia.
Redefine Properties International linked units traded on the JSE for the last day on Friday, October 25 2013.
- Fin24
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Redefine International [JSE: RPL] on Monday completed its inward listing on the JSE’s Main Board following a group restructuring to facilitate South African direct investment in the real estate property group.
On Tuesday, the diversified income focused property group, which has a primary listing in London, posted full year distributable income growth of 18% and a total shareholder return of 58.9%. Results were for the year to August 31 2013.
Michael Watters, Group CEO of Redefine International, said the group believes the inward listing on the JSE will unlock investor value by improving the liquidity and tradability of Redefine International, reduce fee costs by eliminating duplication and significantly enhance the group’s ability to raise capital.
"It also makes the benefits of an investment in Redefine International more accessible to South African investors,” he said.
The fund’s investment portfolio is valued over £1bn and comprises real estate assets across the UK, Europe and Australia.
Redefine Properties International linked units traded on the JSE for the last day on Friday, October 25 2013.
- Fin24
Add your voice to our Property Issue:
* Write a guest post
* Share a personal story
* Ask the experts
