Redefine Properties

At Redefine, we’re always opting for the upside. That’s why we are constantly working towards building a future-ready business. Today, at 13h00 SAST, we will present our annual results for the year ended 31 August 2024.      Join us for an in-depth discussion on our performance and outlook.      Registration opens at 12h45 SAST: https://lnkd.in/du6SzhJ2    To access the annual results presentation, click here: https://lnkd.in/dJDyrB4p      #RedefineProperties #Redefine #SAREIT #REIT #Investors #ResultsUpdate #JoinTheUpside

Given Poland's improving economic outlook and its key role as a servicing hub for Western and Central European markets, Redefine’s Polish logistics and self-storage platforms are well-positioned to maintain their impressive growth trajectory.    Follow the link for a comprehensive overview of Redefine's ELI and self-storage portfolio: https://lnkd.in/dVmrhXnH     #RedefineProperties #Redefine #CapitalMarketsDay #SAREIT #REIT #Investors #JoinTheUpside 

We are excited to announce the official opening of the newly expanded Pan Africa Mall, co-owned by Redefine Properties and Talis Property Fund.      Located near Sandton and Wynberg, Pan Africa Mall sits at the heart of Alexandra’s vibrant community. The expansion brings an exciting mix of new retailers, including an upper-level floor with relocated stores like Mr Price and Ackermans, and fashion favourites such as W.Edit and Sportscene. The extended ground floor now features an expanded Truworths, Roots Butchery, and a new FNB branch.      This development reflects our ongoing commitment to enhancing the retail experience while growing alongside the Alexandra community. At Redefine, we are focused on driving meaningful change – creating spaces that are not only inclusive and sustainable but also future-ready. The centre now benefits from solar power, energy-efficient lighting, and full back-up power and water to better serve the needs of the community.     Read the full story: https://lnkd.in/d2KWEfc8      #RedefineProperties #SAREIT #CommunityMall #NewStores #Expansion #Sustainability #ESG 

Building resilience and driving long-term value remain at the core of everything we do. We invite you to join us for a live broadcast of our annual results for the year ended 31 August 2024, on Monday, 4 November 2024, at 13h00 SAST.      This is your opportunity to gain insights into our strategic progress and plans for the future.      The 2024 annual results will be shared via a live webcast, and a booklet will be made available on our website on the day.      Registration opens at 12h45.      #RedefineProperties #Redefine #SAREIT #REIT #Investors #ResultsUpdate #JoinTheUpside 

We are proud to announce that Redefine secured second place for Excellence in FM at the prestigious SAFMA awards, held in Cape Town from 20 – 22 October 2024. This recognition highlights our commitment to advancing sustainability and ESG practices through our internal ESG training programme, which has empowered our staff to drive impactful change.     The SAFMA Awards honour individuals, teams, and corporations shaping the future of Facilities Management in South Africa. We are proud to be recognised among those leading the charge in sustainable workplace solutions.      #RedefineProperties #SAREIT #SAFMAAwards #AfricaFMConference #CapeTown #FacilitiesManagement 

At Redefine, we are committed to creating a greener future. Our sustainability efforts at Blue Route Mall are testament to this commitment. Through our initiatives in energy efficiency, water conservation, and waste management, we have significantly reduced our environmental footprint – saving 33 tonnes of CO2 annually. These actions have earned us prestigious 4-star Green Building and Water Accreditations.      From implementing advanced energy-saving systems to engaging with our community through sustainability programmes, we are dedicated to making a positive impact on both the environment and the lives around us.      #Redefine #RedefineProperties #SAREIT #ESG #SED #Sustainability #GreenBuilding 

Our SED strategy provides the foundation for Redefine to deliver on our purpose to create spaces for good, spaces that transform lives and spaces that transform the communities in which we operate.  Learn more about how we can redefine socio-economic development in SA: https://lnkd.in/eTUGXQEy   #RedefineProperties #Redefine #CapitalMarketsDay #SAREIT #REIT #Investors #JoinTheUpside #SED #SocioeconomicDevelopment

On Tuesday, Redefine's CFO Ntobeko Nyawo CA(SA), joined CNBC Africa to unpack the details of our milestone achievement, the successful restructuring of a R27.7 billion secured funding arrangement.       Over 72% of our South African property portfolio, comprising retail, office, and industrial assets, is now part of a common terms agreement with 11 secured funders, ensuring efficient, cost-effective debt management.    Ntobeko explained how this restructuring aligns with Redefine’s investment philosophy, positioning the business for sustainable growth amidst challenging market conditions.    Watch the interview and discover more here: https://lnkd.in/dzb6E3P9     #RedefineProperties #SAREIT #DebtRestructuring #ListedProperty 

Redefine has achieved a major milestone with the successful restructuring of a R27.7 billion secured funding arrangement.       This transaction, the largest of its kind in the South African listed property sector, marks a significant shift in how Redefine manages its funding. The innovative structure, designed as an evergreen arrangement, has streamlined business processes and set a new benchmark within the sector.        The benefit for Redefine is to ease the operational aspects of its funding arrangements as the new structure materially simplifies the ways in which the business brings in funders of secured debt due to referencing a single security pool that is shared on “equal footing” by all lenders while enabling an efficient use of collateral.       As a consequence of the lending structure referencing a far more diversified security pool, funders gain cross-sector exposure that enhances their diversification, reducing concentration risk for lenders and thereby improving the credit profile for the secured lenders.     “Creating a sustainable funding vehicle is central to our business model,” said Ntobeko Nyawo CA(SA), CFO of Redefine. The ability to raise capital efficiently, combined with encouraging macro-economic fundamentals, means Redefine is well-positioned to fund both organic and inorganic growth opportunities, he said.      “This extremely complex transaction that involved 11 participating secured lenders was completed in less than six months, which is a testament to the tremendous work and commitment of the team leads of our partner lenders and advisors.”       RMB - Rand Merchant Bank was the mandated lead arranged for Redefine and Webber Wentzel acted as lenders counsel.       Read more here: https://lnkd.in/dzb6E3P9     #RedefineProperties #SAREIT #DebtRestructuring #ListedProperty 

South Africa’s commercial real estate sector is uniquely positioned to champion the nation’s socio-economic development. Evolving beyond a traditional corporate social investment (CSI) strategy to adopt a socio-economic development (SED) strategy, Redefine Properties is reshaping how firms should approach this vital responsibility.      Ursula Mpakanyane, Head of ESG at Redefine Properties, explores how through the REIT’s many SED programmes and projects, and by aligning with the UN Sustainable Development Goals and its 2030 outcomes, Redefine is serving as a catalyst for good, helping to change people’s lives and transform communities.      “By creating and supporting spaces for good, operators not only unlock new value but also play a leading role in the fundamental development of the nation. It all starts with redefining what’s possible and recognising our responsibility to bring about change.” Ursula writes.      Read more about Redefine’s SED strategy and Ursula's illuminating insights: https://lnkd.in/eTUGXQEy     #RedefineProperties #CSI #SED #Sustainability #Development #Education #SouthAfrica