A foreign pension fund exchanged contracts to acquire Leopard Portfolio from Redefine International P.L.C. (LSE:RDI) for approximately €210 million on November 6, 2017. The consideration is payable in cash and the disposal will include the repayment of €86.1 million of debt facilities. Patrizia Alternative Investments GmbH acquired the portfolio for the foreign pension fund. The acquired portfolio generated annualized net rental income of €12.7 million. Redefine International intends to recycle the disposal proceeds into new investments which are in line with its stated strategy of enhancing the quality of the portfolio and its growth prospects. The income yield is expected to be commensurate with the yield achieved on the disposal of the Leopard portfolio and will be accretive to shareholder returns over the medium term. The completion is anticipated to take place in December 2017. Oliver Ahnseel, Christopher Dortschy, Philippe Eicher, Matthias Fischer, Daniel Hau, Robert Jochim, Markus Käpplinger, Markus Käpplinger, Roman Alexander Kasten, Roman Alexander Kasten, Stefan Kuhm, Riccardo Marinello, Olaf Meisen, Asmus Mihm, Anna Opel, Dominic Paschke, Nikolai Sokolov, Tim Spranger, Pol Theisen, Andreas Ziegler, Christoph Zinger of Allen & Overy LLP acted as a legal advisors to Patrizia. Jörn Fingerhuth, Mark Leonard, Werner Geißelmeier, Michael Reich, Dennis Agnew, Julia Stubert, LL.M., Yasmin Ali, Irene Azzariti, Johannes Maidl, Florian Anselm, Marina Arntzen, LL.M., Olivia Irrgang, Alexander Kast, LL.M and Domenico Schwan of Pinsent Masons and Dominik Berker of HauckSchuchardt and Saskia Myners, Jean-Philippe Smeets, Mélissandre Demarcq and Anna Gassner of MNKS acted as legal advisors to RDI REIT P.L.C. (LSE:RDI). A foreign pension fund completed the acquisition of Leopard Portfolio from Redefine International P.L.C. (LSE:RDI) on December 29, 2017.