Redefine Properties’ debt challenges under control
The SA landlord has been selling noncore assets as it looks to ease pressure on its balance sheet
17 May 2021 - 20:15
Redefine Properties, SA’s second-largest listed landlord by asset size, which owns Rosebank Towers, Centurion Mall and the prime offices of 155 West Street, will finally reach its debt level target by the end of its 2022 financial year.
The company’s fortunes have been derailed by the pandemic and it has not declared an interim dividend for the first time since it listed 21 years ago. ..
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