RDI REIT

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

Brightbay Real Estate Partners
TypePrivate company
IndustryProperty investment
Founded2002
HeadquartersDouglas, Isle of Man, United Kingdom
Key people
Stephen Oakenfull (CEO)
Revenue£102.1 million (2017)[1]
£94.9 million (2017)[1]
£69.6 million (2017)[1]
Websitewww.rdireit.com/

History

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
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]

Portfolio
Properties
NameLocationType of properties
Express Park Distribution CentreBridgwaterIndustrial
Camino Park Distribution CentreCrawleyIndustrial
Southwood Business ParkFarnboroughIndustrial
Kingsthorne Industrial ParkKetteringIndustrial
Crowne PlazaReadingHotels
DoubleTree HiltonEdinburghHotels
Hampton by HiltonGatwickHotels
Holiday Inn ExpressDunstableHotels
Holiday Inn ExpressEdinburghHotels
Holiday Inn ExpressLondon, Earl’s CourtHotels
Holiday Inn ExpressLondon, LimehouseHotels
Holiday Inn ExpressLondon, Park RoyalHotels
Holiday Inn ExpressLondon, Royal DocksHotels
Holiday Inn ExpressLondon, SouthwarkHotels
Holiday Inn ExpressRedditchHotels
Holiday Inn ExpressSouthamptonHotels
TravelodgeLeatherheadHotels
TravelodgeLondon, BelvedereHotels
TravelodgeLondon, EnfieldHotels
TravelodgePerth, ScotlandHotels
TravelodgeSloughHotels
Canbury Business ParkLondon, KingstonOffices
Newington CausewayLondon, SouthwarkOffices
Newington HouseLondon, SouthwarkOffices
Kwik FitBlackpoolAutomotive
Kwik FitBridgendAutomotive
Kwik FitCardonaldAutomotive
Kwik FitDalrympleAutomotive
Kwik FitDunfermlineAutomotive
Kwik FitEast KilbrideAutomotive
Kwik FitEdinburghAutomotive
Kwik FitElginAutomotive
Kwik FitFalkirkAutomotive
Kwik FitGillinghamAutomotive
Kwik FitGosportAutomotive
Kwik FitGrangemouthAutomotive
Kwik FitHamiltonAutomotive
Kwik FitHullAutomotive
Kwik FitInvernessAutomotive
Kwik FitIrvineAutomotive
Kwik FitLivingstonAutomotive
Kwik FitMount VernonAutomotive
Kwik FitNewquayAutomotive
Kwik FitPerthAutomotive
Kwik FitPlymouthAutomotive
Kwik FitSmethwickAutomotive
Kwik FitSpaldingAutomotive
Kwik FitStockportAutomotive

References
  1. "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.
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