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Redefine accelerates portfolio with £490m bulk purchase from Aegon UK Property Fund

Redefine International has announced this morning the off-market purchase of the 19-strong Aegon UK Property Fund (AUK Portfolio) and the Banbury Cross Retail Park, managed by Kames Capital, for a combined £489.7m, rising to £510.4m after purchasing costs.
By James Wallace
September 7, 2015 | 2:10 P.M.

The acquisition of the combined AUK Portfolio, predominantly focused on retail, office and industrial assets, provides Redefine benefits in scale, liquidity and access to alternative sources of funding while increasing the company's portfolio to approximately £1.5bn.

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