RDI REIT

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RDI REIT plc
Public limited company
Traded as
Industry Property investment
Founded 2002
Headquarters Douglas, Isle of Man, United Kingdom
Key people
Greg Clarke (Chairman)
Michael Watters (CEO)
Revenue £102.1 million (2017)[1]
£94.9 million (2017)[1]
£69.6 million (2017)[1]
Website www.rdireit.com/

RDI REIT plc is a property investment business. It is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index.

History[edit]

The company was established in 2002 as the Corovest International Real Estate Fund. It was floated on the Alternative Investment Market in 2006.[2] It changed its name to Redefine International in 2008 and converted to a Real estate investment trust listed on the London Stock Exchange in 2013.[3] It changed its name again, to RDI REIT, in November 2017.[4]

Operations[edit]

Entrance to Grand Arcade shopping centre, Wigan

The company's largest investments include the Grand Arcade in Wigan, St George's Shopping Centre in Harrow and West Orchards Shopping Centre in Coventry.[5] The company had a portfolio valued at £1.5bn as at 31 August 2017.[1]

References[edit]

  1. ^ a b c d "Preliminary Results 2017" (PDF). RDI REIT. Retrieved 29 March 2018. 
  2. ^ "Corovest International to list property fund". I-net Bridge. 5 April 2006. Retrieved 25 June 2014. 
  3. ^ "Redefine International tightening portfolio focus". CNBC Africa. 2 May 2014. Retrieved 25 June 2014. 
  4. ^ "Redefine International changes its name to RDI REIT plc". Property Magazine. 21 November 2017. Retrieved 25 March 2018. 
  5. ^ "Redefine International". City Wire. Retrieved 25 June 2014. 

External links[edit]