Redefine International: London sites sold for R231m

Redefine International had completed the sale of the Lyon House and Equitable House sites in north-west London for £13.77 million (R231m), the property company reported yesterday. The London- and JSE-listed company said the sale reflected a 12.4 percent premium to book value as at the end of August and the sites had been converted from commercial to mostly residential use. – Business Report