Brightbay Real Estate Partners
British property investment company
From Wikipedia, the free encyclopedia
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).[citation needed]
 | |
| Type | Private company |
|---|---|
| Formerly | |
| Industry | Property 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 | rdireit |
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]
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.[citation needed]
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]