REDEFINE Properties, SA’s third-biggest real estate investment trust, hopes the takeover of Fountainhead Property Trust will be finalised by August.Redefine is aiming to expand its portfolio in a market with few acquisition opportunities.Redefine CEO Andrew Konig said on Friday that processes were in place for the takeover, which would help to expand Redefine’s domestic portfolio. Mr Konig, who is also Fountainhead’s CEO, spoke on the sidelines of the release of Fountainhead’s results for the six months to February.Redefine’s initial bid to buy the company failed last year as it did not win enough unit holder support. However, at the end of last month, the group secured support for the deal to be finalised.Redefine is in the process of buying the 34.1% of Fountainhead that it does not already own. Redefine also owns Fountainhead’s management company."I have a high degree of confidence that a unit holder meeting can be arranged for late July. So we should be able to finalise everythi...
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