Property loan stock boosted earnings for the half-year to June on the back of an upswing in consumer spending that supported its property portfolio in the retail sector.

Property loan stock Hyprop Investments today released results for the six months to June 2004 showing 82% growth in operating income.

Property portfolio boosted to R2,97-billion, retail component increased

It is believed that most analysts prefer internal management structures because objectives are more aligned with unitholders' interests

Listed property loan stock company iFour Properties announced its financial director James Nunes would be taking over as CEO from Anthony Diepenbroek

HYBRID property loan stock company Redefine Income Fund said yesterday that it had sold its holding of almost 20-million units in listed property unit trust Grayprop for about R60m.

PROPERTY loan stock company Arnold Property Fund (A-Prop) said yesterday that it had entered into negotiations to acquire a portfolio of properties worth in the region of R312m from Momentum Property Investments.

Mortgage securitisation likely to be the next big thing in listed property sector

Although some property commentators have expressed doubt about significant new listings coming to market in the next year, others have not ruled themout, saying there may be scope for one or two on the JSE Securities Exchange SA.

Demand for units will push up prices