Sipho Pityana replaces Redefine Wainer as chairman

Sipho Pityana replaces Redefine Wainer as chairman

Published at: 2019-05-06 11:55 | Author: CIJEurope.com
Redefine Properties has appointed Sipho Pityana as its new chairman replacing founder Marc Wainer. The company is South Africa’s third largest real estate investor by market capitalization. Wainer led the company into Europe, establishing Redefine Europe along with a major investment into Polish-based EPP NV. Its fund, RDI REIT, controls a portfolio worth GBP 1.6bn, of which GBP 258.6m is located in Germany, with the remainder in the UK. The company is looking to reduce its exposure to the German and UK retail markets through a proposed disposal of four UK shopping centers and a planned German retail portfolio disposal. In late March, RDI REIT acknowledged that there had been discussions over Cromwell Property Group’s interest in buying shares in it. “RDI Reit has challenges,” Wainer admitted. “We are looking at a few options to create value in the company.”

Similar Stories:

Prime Kapital to break ground on Marble Residence
Prime Kapital is set to break ground on Marmura Residence in the middle of June. The resid  »
Radost: Siko přejmenovává starou budovu odborů na Praze 3
Ikonická budova Asociace odborových svazů na Praze 3, kterou získala společnost Siko  »
New 75,000 sqm project will link West Gate to Bucharest metro line
Genesis Development is planning to add a 75,000 sqm mixed-use scheme to its West Gate proj  »
Radost: Siko renames old unions building in Prague 3
The iconic Unions Associations building in Prague 3, which was acquired by the bathroom fu  »
Czech Republic  ♦  Hainc : Prague needs density
CIJ: In 2016, the Metropolitan plan was in chaos. The head of the plan had been fired and   »
And it’s not just shift workers to man the machines and assembly lines and to stack good   »
Czech Republic  ♦  It‘s Prague 4 vs. The World
Prague 4 appears to have done away with formalities and diplomatic language and made it cl   »
This reflected economic and political reality, as the country is being pulled in differing   »