JSE-LISTED Redefine Properties has acquired the property portfolio of Leaf Capital, an unlisted company with nine substantial property assets in Gauteng and the Western Cape, for R4.1 billion. Marc Wainer, the executive chairman of Redefine Properties, yesterday described the Leaf Capital properties as a "trophy portfolio" and their acquisition as a "strategic triumph for Redefine". [...]

Redefine Properties plans to acquire Leaf Capital and its Western Cape-dominated office portfolio for about R4.1bn in what could be interpreted as a vote of confidence in South African premium offices. Redefine has struggled to find sizable acquisition targets over the past year, often competing with rival Growthpoint Properties and having to focus its attention [...]

Signature assets for the portfolio from the booklet: 1. Black River Park 2. Wembley Square 3. The Boulevard Office Park 4. Silver Stream Business Park