Redefine International is seeking to raise around $159 million by the middle of this year, Reuters reports. The property investor and fund manager plans to use the proceeds to fund the acquisition of Wichford Properties or acquire assets in Europe.

It is also a 21.7% shareholder in Wichford, for which it made an undisclosed offer in November last year. Aim-quoted Redefine is a unit of South African property company, Redefine Properties.

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