PROPERTY
Redefine’s Polish push pays off
Long-suffering shareholders should soon participate in the dividend upside from the company’s newly acquired venture in Poland, despite the war in Ukraine
19 May 2022 - 05:00
At first glance, Redefine Properties’ takeover of Polish mall owner EPP couldn’t have come at a worse time.
The deal, which added about R20bn worth of assets to Redefine’s balance sheet and lifted the company’s offshore exposure from 16% to 41% in one fell swoop, was sealed at the end of February — shortly after Russia invaded Ukraine...
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