Redefine CEO Andrew König outlines capital strategy

JSC listed Redefine Properties recently hosted a capital market state where they outlined their ongoing strategies and sustainability targets. Andrew König, the CEO of Redefine Properties, shared key messages about the company's business strategy and operational statistics to support a strong recovery post-pandemic in both South Africa and Poland. They discussed their digitalization journey, local property strategies, stabilizing investments in Poland through EPP, and embedding ESG principles into all aspects of their operations. König highlighted the company's energy plans, including solar projects and participation in a wheeling project in Cape Town to supply energy to the city. Despite challenges in the office sector, Redefine's portfolio remains robust, with vacancies trending below national averages. They also discussed the conversion of old office spaces for alternative uses such as schools. The company's digitalization journey aims to enhance customer service and improve communication with tenants while optimizing energy consumption and reducing carbon emissions. Redefine's ESG objectives are aligned with the United Nations Sustainable Development Goals, with a goal to have all new buildings at zero carbon by 2030 and net zero carbon by 2050. In Poland, Redefine is actively involved in retail and logistics businesses, focusing on stabilization and growth despite challenges like high inflation. König expressed confidence in the future performance of their investments in Poland, emphasizing long-term opportunities for growth and returns.