Redefine acquires Leaf Property Fund for R3.7bn
2015-01-29 · Industrial Developments news
Redefine Properties (RDF) said on Wednesday it had concluded a deal to acquire Leaf Property Fund for R3.7bn.
Leaf Property owns a portfolio of commercial property assets in prime locations across SA‚ valued at about R3.7bn.
Redefine said the deal‚ which is expected take effect on March 1‚ was in line with its strategy to acquire “high quality assets that offer cash flow comfort and low vacancy levels”.
The acquisition will be settled in shares and cash.
Get commercial property news by email
Free alerts when we publish — pick a focus or get everything, unsubscribe in one click. Subscribe »
More in Industrial Developments news
- Growthpoint concludes 18-year industrial estate development with DPD Laser facility 2026-10-17
- Equites reports strong half-year performance as capital deployment accelerates in local logistics sector 2026-10-17
- Redefine and Abcon open "Nines at S&J" midi-unit industrial space for SMEs 2026-10-04
- Growthpoint's R392m Tecoma Park logistics park rises in Cornubia, Durban 2026-10-01
- Balwin estate to get man-made lagoon 2018-03-26
- Portfolio acquisition boosts Dipula asset value 2018-03-26