RDI REIT P.L.C. The Board of RDI, the income focused UK Real Estate Investment Trust ("UK-REIT"), notes the announcement from Redefine Properties on the JSE that it has agreed to a conditional sale of its 29.42 per cent shareholding in the Company to controlled affiliates of Starwood … LEI: 2138006NHZUMMRYQ1745 Response to announcement by Redefine Properties regarding conditional sale of shareholding The Board of RDI, … Tag: Ebene Magazine – RDI REIT shares rise 32% on news of Starwood acquisition. In November, in its full-year results, Oakenfull, who stepped up to the role of chief executive that day, said RDI REIT had achieved significant progress in strategic initiatives set out 18 months prior, namely a substantial reduction in retail exposure, a lower leverage capital structure and a more focused allocation of capital. It paid about 20% more than RDI’s share price before the deal was … The Board of RDI, the income focused UK Real Estate Investment Trust ("UK-REIT"), notes the announcement from Redefine Properties on the JSE that it has agreed to a conditional sale of its 29.42 per cent shareholding in the Company to controlled affiliates of Starwood … 29 June 2020 RDI REIT P.L.C. ("RDI" or the "Company") (Registered number 010534V) LSE share code: RDI . monthly and annualsubscriptions available. The share of London and JSE-listed landlord RDI Reit was on track for its best day in more than eight months on Friday, after it said Starwood Capital had made a buyout offer for the roughly … The share price of the UK-based RDI real estate investment trust (Reit) shot up 34.57 percent to close at R25.34 on the JSE on Friday after its board agreed to a cash offer from Starwood … Website users are responsible for checking content. Starwood shares were down 0.4% at … – “Johannesburg” – BingNews; RDI REIT Shares Jump 32% On News Of Acquisition By Starwood RDI REIT's shares will be going for 121.35 pence each, representing a 33% premium to the closing price of 91.2p on Thursday in London. This values RDI's entire issued share capital at around GBP467.9 million. No shares are held in Treasury. Starwood bought a 30% stake in RDI REIT in July last year. Serviced offices represent 13% of the portfolio and comprise four central London offices with a market value of £148.3m, all operated by Office Space in Town. A Starwood Capital Group entity, with counsel from Kirkland, has offered to buy the units of RDI REIT that Starwood doesn't already own in a deal valuing the U.K. real estate investment trust at roughly £467.9 ($652.6 million), according to an announcement on Friday. Please Login or Subscribe. (Alliance News) - RDI REIT PLC on Friday announced its acquisition by London-listed investment firm Starwood European Real Estate Finance Ltd for around GBP467.9 million, or ZAR9.76 billion. It is managed by Starwood European Finance Partners Ltd, an indirect wholly-owned subsidiary of the Starwood Capital Group. The price paid represents a 33.1% premium to the closing price of 91.2p per RDI REIT share on 25 February 2021, and the acquisition values the entire issued and to be issued share capital of RDI REIT at approximately £467.9m on a fully diluted basis. The acquisition price for the listed UK industrial, offices, serviced offices and hotels investor is 33% above Thursday’s closing share price. The share price of the UK-based RDI real estate investment trust (Reit) shot up 34.57 percent to close at R25.34 on the JSE on Friday after its board agreed to a cash offer from Starwood … Kirkland & Ellis advised SOF-12 Cambridge BidCo Limited on the deal.SOF-12 Cambridge BidCo Limited, a newly formed company owned by Starwood Funds, executed the recommended cash RDI REIT PLC. The company’s core business focuses on …
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