JSE-listed real estate investment trust (Reit) Redefine Properties will be bidding farewell to its long-time COO David Rice on August 31. Rice will be retiring from a career of more than 30 years in the property industry but will still remain on-hand on a month-to-month basis to assist in ensuring a smooth transition as Leon Kok takes over, and until a new CFO is appointed to succeed Kok.