| Wed 22 May 2013, 11:45 | | REDEFINE PROP INTERNATIONAL LTD - Cromwell announces AUD405 million acquisition of NSW Portfolio |
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RIN 201305220025A
Cromwell announces AUD405 million acquisition of NSW Portfolio
REDEFINE PROPERTIES INTERNATIONAL LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 2010/009284/06)
JSE share code: RIN ISIN code: ZAE000149282
(“RIN”)
Set out below is an announcement which was released by Redefine International P.L.C. (“Redefine
International”), the London Stock Exchange-listed subsidiary of RIN, on the Regulatory News Service
(“RNS”) of the London Stock Exchange today on Wednesday, 22 May 2013. The acquisition referred to
in the announcement does not constitute a transaction in terms of the JSE Listings Requirements. The
announcement set out below is for information purposes only.
REDEFINE INTERNATIONAL P.L.C.
(“Redefine International” or the “Company”)
CROMWELL ANNOUNCES AUD405 MILLION ACQUISITION OF NSW PORTFOLIO
Redefine International is pleased to announce that its associate company, the Cromwell Property Group
(“Cromwell”), has entered into unconditional agreements to purchase a portfolio of seven office assets from
the NSW State Government (“NSW Portfolio”), with settlement anticipated to occur in mid June 2013. The
total consideration for the NSW Portfolio is AUD405 million, which represents an attractive initial portfolio
yield of 9.0%.
Full details of the acquisition can be found at http://www.cromwell.com.au/aboutcromwell/newsroom/.
Cromwell is an Australian Property Trust listed on the Australian Stock Exchange, in which the Company
currently has a 16.09% interest held through its wholly-owned subsidiary Redefine Australian Investments
Limited.
22 May 2013
Further enquiries:
Redefine International Property Management Limited
Investment Advisor
Michael Watters, Stephen Oakenfull +44 (0) 20 7811 0100
FTI Consulting
Public Relations Advisor
Stephanie Highett, Dido Laurimore, Fay Walters +44 (0) 20 7831 3113
Sponsor to Redefine Properties International Limited
Java Capital
Date: 22/05/2013 11:45:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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