Sign up for free newsletter


Mike Watters, chief executive of Redefine International

Redefine International sells St Anne’s House for GBP8.4m

Real estate investment trust Redefine International has exchanged contracts to sell St Anne’s House, Croydon to a Guernsey registered fund for GBP8.4m, GBP3.4m above the property’s 31 August 2013 book value.

St Anne’s House is a vacant 75,000 sq ft 1960s office building previously occupied by the UK Home Office which formed part of the legacy government portfolio acquired by Redefine International through its merger with Wichford in 2011.
The sale follows the receipt of planning permission in September 2013 for a redevelopment of the office building into a 144 bed hotel, together with 46 residential units situated on the upper floors of the property.
The property is located opposite the much anticipated redevelopment of the Whitgift shopping centre in Croydon and will form part of the regeneration of this area.
Mike Watters (pictured), chief executive of Redefine International, says: “Following the successful implementation of our business plan, we are pleased to have made this disposal which will enable us to recycle the proceeds into other areas of our portfolio. As the investment and development market improves, we are assessing a number of other assets across the portfolio which offer the potential to benefit from initiatives such as securing change of use, enabling us to realise additional value for shareholders.”

Institutional Equity Research Sales Associate

Thu, 11 Feb 2016 00:00:00 GMT

Hedge Fund Software Developer - C++/Java/Python

Thu, 11 Feb 2016 00:00:00 GMT

C/C++ Low Latency Developer – Core Technology

Thu, 11 Feb 2016 00:00:00 GMT

4 days 19 hours from now - Dubai
4 days 19 hours from now - Cairo
5 days 19 hours from now - New York
2 weeks 5 days from now - New York
other gfm publications