×

We've got news for you.

Register on BusinessLIVE at no cost to receive newsletters, read exclusive articles & more.
Register now

Redefine Properties is on the verge of completing the development of the first phase of Loftus Park, a new residential and business precinct in Arcadia, Pretoria, which is looking to benefit from increased commercial activity in the city. The city is experiencing its biggest development boom in decades in suburbs such as Arcadia, Menlyn and Hatfield. Redefine inherited the development when it bought The Pivotal Fund in 2016. "Redefine’s share of Loftus phase one and two is R598m," said CEO Andrew Konig. The development will help the company to enhance its exposure to office workers in Pretoria. Redefine follows the likes of Emira, which recently invested in the upcoming Menlyn node. Emira Property Fund’s chief operating officer, Ulana van Biljon, said various listed property fund companies were building in Pretoria. Loftus Park would be developed with the expertise of Abland. Pivotal had been listed by Abland, which provided it with a pipeline. Through buying Pivotal, Redefine had m...

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.



Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now

Would you like to comment on this article?
Register (it's quick and free) or sign in now.

Speech Bubbles

Please read our Comment Policy before commenting.

Commenting is subject to our house rules.