Real estate investment trust (Reit) Redefine Properties says it is “well placed” to benefit from logistics growth in Poland after hard lockdown restrictions and dividends withheld by offshore investments “significantly dampened results” for the financial year ended August 31. Tough trading conditions locally, in South Africa, and internationally, brought on by Covd-19, resulted in a 49% year-on-year decrease in Redefine’s distributable income per share to 51.5c.
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