Brightbay Real Estate Partners is a British property investment business. It was acquired by Starwood Capital Group in 2021 and remains a fully integrated Real Estate Investment Trust (REIT).
| Company type | Private company |
|---|---|
| Formerly | |
| Industry | Investment |
| Founded | 2002 |
| Headquarters | Douglas, Isle of Man, United Kingdom |
Key people | Stephen Oakenfull (CEO) |
| Products | Property investment |
| Revenue | £102.1 million (2017)[1] |
| £94.9 million (2017)[1] | |
| £69.6 million (2017)[1] | |
| Website | www |
History
editThe 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]
Until 2021, 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.
Operations
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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
edit| Name | Location | Type of properties |
|---|---|---|
| Express Park Distribution Centre | Bridgwater | Industrial |
| Camino Park Distribution Centre | Crawley | Industrial |
| Southwood Business Park | Farnborough | Industrial |
| Kingsthorne Industrial Park | Kettering | Industrial |
| Crowne Plaza | Reading | Hotels |
| DoubleTree Hilton | Edinburgh | Hotels |
| Hampton by Hilton | Gatwick | Hotels |
| Holiday Inn Express | Dunstable | Hotels |
| Holiday Inn Express | Edinburgh | Hotels |
| Holiday Inn Express | London, Earl’s Court | Hotels |
| Holiday Inn Express | London, Limehouse | Hotels |
| Holiday Inn Express | London, Park Royal | Hotels |
| Holiday Inn Express | London, Royal Docks | Hotels |
| Holiday Inn Express | London, Southwark | Hotels |
| Holiday Inn Express | Redditch | Hotels |
| Holiday Inn Express | Southampton | Hotels |
| Travelodge | Leatherhead | Hotels |
| Travelodge | London, Belvedere | Hotels |
| Travelodge | London, Enfield | Hotels |
| Travelodge | Perth, Scotland | Hotels |
| Travelodge | Slough | Hotels |
| Canbury Business Park | London, Kingston | Offices |
| Newington Causeway | London, Southwark | Offices |
| Newington House | London, Southwark | Offices |
| Kwik Fit | Blackpool | Automotive |
| Kwik Fit | Bridgend | Automotive |
| Kwik Fit | Cardonald | Automotive |
| Kwik Fit | Dalrymple | Automotive |
| Kwik Fit | Dunfermline | Automotive |
| Kwik Fit | East Kilbride | Automotive |
| Kwik Fit | Edinburgh | Automotive |
| Kwik Fit | Elgin | Automotive |
| Kwik Fit | Falkirk | Automotive |
| Kwik Fit | Gillingham | Automotive |
| Kwik Fit | Gosport | Automotive |
| Kwik Fit | Grangemouth | Automotive |
| Kwik Fit | Hamilton | Automotive |
| Kwik Fit | Hull | Automotive |
| Kwik Fit | Inverness | Automotive |
| Kwik Fit | Irvine | Automotive |
| Kwik Fit | Livingston | Automotive |
| Kwik Fit | Mount Vernon | Automotive |
| Kwik Fit | Newquay | Automotive |
| Kwik Fit | Perth | Automotive |
| Kwik Fit | Plymouth | Automotive |
| Kwik Fit | Smethwick | Automotive |
| Kwik Fit | Spalding | Automotive |
| Kwik Fit | Stockport | Automotive |
References
edit- ^ a b c d "Preliminary Results 2017" (PDF). RDI REIT. Retrieved 29 March 2018.
- ^ "Corovest International to list property fund". I-net Bridge. 5 April 2006. Retrieved 25 June 2014.
- ^ "Redefine International tightening portfolio focus". CNBC Africa. 2 May 2014. Retrieved 25 June 2014.
- ^ "Redefine International changes its name to RDI REIT plc". Property Magazine. 21 November 2017. Retrieved 25 March 2018.
- ^ "Redefine International". City Wire. Retrieved 25 June 2014.