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:

AFI close to finalizing €300m office deal with NEPI
AFI Europe Romania is poised to take over four office buildings in Bucharest and Timisoara  »
OPTIM PM nominated for Best Project Manager at CIJ Awards Romania 2019
OPTIM PM has been nominated to compete in the Best Project Manager at the CIJ Awards Roman  »
CIJ Awards Gala Romania, only one month away
Romania’s real estate market annual awards ceremony, CIJ Awards Gala, now in its 12th ye  »
One United to build new mixed-use scheme in northern Bucharest
One United Properties is planning to develop a mixed-use project along Barbu Vacarescu bou  »
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   »