29 Jun 2020 15:50
RDI REIT P.L.C.
("RDI" or the "Company")
(Registered number 010534V)
LSE share code: RDI
JSE share code: RPL
ISIN: IM00BH3JLY32
LEI: 2138006NHZUMMRYQ1745
Response to announcement by Redefine Properties regarding conditional sale of shareholding
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:
RDI REIT P.L.C. |
|
Mike Watters, Stephen Oakenfull | Tel: +44 (0) 20 7811 0100 |
FTI Consulting |
|
UK Public Relations Adviser |
|
Dido Laurimore, Claire Turvey, Ellie Sweeney rdireit@fticonsulting.com | Tel: +44 (0) 20 3727 1000 |
Instinctif Partners |
|
SA Public Relations Adviser |
|
Frederic Cornet RDI@instinctif.com | Tel: +27 (0) 11 447 3030 |
JSE Sponsor |
|
Java Capital | Tel: + 27 (0) 11 722 3050 |
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 www.rdireit.com