Thursday, 01 October 2015 16:41

Real estate endures despite constraints

While the local commercial property finance market has been constrained by poor economic growth, rising operating costs and low business confidence in the first half of this year, it remains buoyant, continuing the strong trend seen over the past few years, according to Nedbank Corporate and Investment Banking (NCIB) managing executive of property finance Robin Lockhart-Ross.

Wednesday, 09 September 2015 11:10

UK portfolio helps Redefine International bulk up

Redefine International, the London and JSE-listed diversified property fund, acquires a R10bn property portfolio in the UK as it aggressively builds up its asset base.

Redefine International, the FTSE 250 UK Real Estate Investment Trust announces that it has disposed of its entire remaining shareholding in the Cromwell Property Group, held through its 100% owned subsidiary Redefine Australian Investments Limited.

According to Catalyst Fund Managers, the SA Listed Property Index (SAPY) recorded a positive return of 5.14% for the month ended July 2015.

IndluPlace Properties is likely to pave the way for more specialist property listings. Redefine International’s hotel exposure is already at 20% of total assets so a separate hotel listing is the logical route.

The SA Listed Property Index (J253) recorded a positive return of 0.04% for the month ended April 2015.

Redefine International completed the first part of the refinancing related to the €156.8m German retail property portfolio acquired in a 50/50 joint venture with Redefine Properties.

Redefine Properties today reported distribution growth of 7.1% to 39 cents per share for the half year to 28 February 2015, delivering on its market guidance.

Redefine International announce appointment of CFO.

Monday, 09 February 2015 09:12

Gavin Tipper

Mr. Gavin Robert Tipper, B.Com, BAcc (Wits), MBA (UCT), CA (SA), serves as the Chief Executive Officer and Director at Coronation Investments and Trading Limited.

Mr. Tipper has been involved in the financial services industry for more than 21 years. He has been the Chief Operating Officer of Coronation Holdings Ltd. since 2001 and serves as its Director. Prior to joining Coronation Group in 2001, he served as a Technical Partner of KPMG. Mr. Tipper serves as the Chairman  of the Board at Redefine Properties International Limited. He is the Non Independent & Non-Executive Director at Redefine International P.L.C. since April 3, 2006 and served as the Non Executive Chairman.

Mr. Tipper has been the Chairman of hyprop Investments Limited since June 27, 2013. He has been Independent & Non Executive Director at Hyprop Investments Limited since March 8, 2012. He has been the Independent Non-Executive Chairman at Avi Limited since July 1, 2012 and a Non-Executive Director since March 26, 2007 and York Timber Holdings Limited since May 12, 2010. He has been an Independent Non-Executive Director of Interwaste Holdings Limited since April 8, 2008.

He serves as a Director of Corovest Offshore Limited. He served as a Non Executive Director of Wichford plc since July 13, 2011. Mr. Tipper is a Chartered Accountant. He holds a Masters in Business Administration from the University of Cape Town, a Bachelor of Commerce, and a Bachelor of Accounting from the University of the Witwatersrand.

Published in Property Leader
Page 3 of 10

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