Brightbay Real Estate Partners is a property investment business. It was listed on the

London Stock Exchange London Stock Exchange (LSE) is a stock exchange in the City of London, England, United Kingdom. , the total market value of all companies trading on LSE was £3.9 trillion. Its current premises are situated in Paternoster Square close to St P ...

as RDI REIT PLC, ticker symbol RDI. In May 2021, Starwood Capital Group acquired RDI REIT plc for £467.9M and it was reformed into Brightbay Real Estate Partners and remains a fully integrated Real Estate Investment Trust.

History

The company was established in 2002 as the Corovest International Real Estate Fund. It was floated on the

Alternative Investment Market AIM (formerly the Alternative Investment Market) is a sub-market of the London Stock Exchange that was launched on 19 June 1995 as a replacement to the previous Unlisted Securities Market (USM) that had been in operation since 1980. It allows ...

in 2006. It changed its name to Redefine International in 2008 and converted to a

Real estate investment trust A real estate investment trust (REIT) is a company that owns, and in most cases operates, income-producing real estate. REITs own many types of commercial real estate, including office and apartment buildings, warehouses, hospitals, shopping cente ...

listed on the

in 2013. It changed its name again, to RDI REIT, in November 2017.

Operations

Entrance to Grand Arcade shopping centre, Wigan (1)

The company's largest investments include the Grand Arcade in

Wigan Wigan ( ) is a large town in Greater Manchester, England, on the River Douglas. The town is midway between the two cities of Manchester, to the south-east, and Liverpool, to the south-west. Bolton lies to the north-east and Warrington t ...

, St George's Shopping Centre in Harrow and West Orchards Shopping Centre in

Coventry Coventry ( or ) is a city in the West Midlands, England. It is on the River Sherbourne. Coventry has been a large settlement for centuries, although it was not founded and given its city status until the Middle Ages. The city is governed b ...

. The company had a portfolio valued at £1.5bn as at 31 August 2017.

Portfolio

References

External links

Official site
{{Real estate in the United Kingdom Real estate companies established in 2002 Companies listed on the Johannesburg Stock Exchange