Our history
Brightbay Real Estate Partners was formed following the acquisition of RDI REIT P.L.C. by controlled affiliates of Starwood Capital Group in May 2021 and remains a fully integrated Real Estate Investment Trust.
Over two decades, the Company has evolved through major capital raises, strategic M&A and institutional growth. Today, Brightbay combines private equity discipline, PLC heritage and deep local market insight to create a fully integrated, best-in-class investment and asset management platform.
Our history
CIREF, a property investment company, floated on the Alternative Investment Market (AIM) of the London Stock Exchange on 26 May 2006.
CIREF Plc changes its name to Redefine International Plc following Redefine Properties Limited, one of South Africa’s largest listed property companies, becoming the Company’s major shareholder.
The Company moves to the Main Market of the London Stock Exchange.
Acquisition of a strategic shareholding in Cromwell Property Group, an ASX-listed real estate investor and manager.
Reverse takeover of Wichford P.L.C., providing the Company with a FTSE premium listing and an institutional UK shareholder base.
Successful £55m placement to support the continued growth of the Company.
Successful £71m placement to support the continued growth of the Company.
Acquisition of €176m German Retail Portfolio and DoubleTree by Hilton in Edinburgh.
Following a £115m equity raise, the Company acquired Aegon UK Property Fund for £490m, expanding the portfolio to £1.6bn. Aegon’s diversified portfolio included three prime industrial and logistics assets, six retail warehouses and an office portfolio, including both regional and London West End assets.
Redefine is rebranded as RDI REIT P.L.C., retaining its diversified portfolio in the UK and Germany.
In May 2021 controlled affiliates of Starwood Capital Group completed the take-private of RDI REIT P.L.C.
The disposal of the UK Retail Parks Portfolio was successfully completed for £160m.
The Company rebranded as Brightbay Real Estate Partners, retaining the breadth of experience and sector exposure in the new company.
The disposal of Office Space in Town was completed for £141m.
Support with strategic asset management including surrendering over 75,000 sqft of office space from a flexible office operator and developing and implementing a repositioning plan.
Take-on of investment and asset management of a portfolio of 13 industrial and logistics assets covering over 2.5m sqft.
In November 2024, Brightbay assisted with the take-private of the Balanced Commercial Property Trust (BCPT). Brightbay was then appointed to asset manage the £813m diversified portfolio covering industrial, offices and retail. The portfolio includes a 2.8m sqft prime logistics portfolio across 14 assets, two prime retail warehouses and the iconic St Christopher’s Place, a mixed-use estate in London’s West End.
