Investors looking for exposure to UK real estate have two more options to choose from after the listing of Redefine International spin-off International Hotel Group (IHG) and mall owner Capital & Regional earlier this month.
INVESTORS must be circumspect when it comes to investing in new offshore property companies that are listing on the JSE, with one commentator voicing concern that these counters may be overvalued.
REDEFINE International, the London and JSE-listed diversified property fund, has acquired a R10bn property portfolio in the UK as it aggressively builds up its asset base.
This is the latest major deal in the sector this year.