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RDI REIT PLC - Response to announcement by Redefine Properties regarding conditional sale of shareholding

Release Date: 29/06/2020 17:04
Code(s): RPL     PDF:  
Wrap Text
Response to announcement by Redefine Properties regarding conditional sale of shareholding

(Incorporated in the Isle of Man)
(Registered number 010534V)
LSE share code: RDI
JSE share code: RPL
LEI: 2138006NHZUMMRYQ1745
(“RDI” or the “Company” or the “Group”)


The Board of RDI, the income focused UK Real Estate Investment Trust (“UK-REIT”), notes the
announcement from Redefine Properties on the JSE that it has agreed to a conditional sale of its 
29.42 per cent shareholding in the Company to controlled affiliates of Starwood Capital Group.

The Board looks forward to engaging with Starwood Capital Group as a shareholder in the Company.

For further information:

Mike Watters, Stephen Oakenfull                             Tel: +44 (0) 20 7811 0100

FTI Consulting
UK Public Relations Adviser
Dido Laurimore, Claire Turvey, Ellie                        Tel: +44 (0) 20 3727 1000

Instinctif Partners
SA Public Relations Adviser
Frederic Cornet                                             Tel: +27 (0) 11 447 3030

JSE Sponsor
Java Capital                                                Tel: + 27 (0) 11 722 3050

29 June 2020

Note to editors:

About RDI

RDI is an income focused UK-REIT with a diversified portfolio invested principally in the UK. The
investment approach is driven by an in depth understanding of occupational demand including the 
impact of technology, transport and infrastructure investment. The portfolio has been repositioned 
in recent years to increase its weighting to London and the South East and to provide greater exposure 
to our leading hotel and serviced office operating platforms.

RDI is committed to delivering attractive income led total returns across the real estate cycle. 
The current strategic objectives of a lower leverage capital structure and more focused allocation 
of capital are targeted at delivering an industry leading and sustainable income return.

RDI is a UK Real Estate Investment Trust (UK-REIT) and holds a primary listing on the London Stock
Exchange and a secondary listing on the JSE. The Company is included within the EPRA, GPR, JSE All
Property and JSE Tradeable Property indices.

For more information on RDI, please refer to the Company's website

Date: 29-06-2020 05:04:00
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