Redefine Properties restructures as pandemic hits landlords

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Redefine Properties restructures as pandemic hits landlords

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21 April 2018, Johannesburg, South Africa: View of the Johannesburg skyline from the 50th story of the Carlton Centre. Some 200 building of inner city are squatted by so called highjackers. It is considered one of the most dangerous places of the country. Now the city is adamant to change its image. Photo: Katharina Haase/dpa | Katharina Haase/DPA/PA Images

Redefine Properties, the South African real estate company focused on commercial properties, has completed a buy-back of its outstanding €117.2m 1.5% exchangeable bonds due 2021, as part of a wider restructuring of the firm.

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