Liberty Holdings says that its wholly-owned division Liberty Group has entered into a transaction to dispose of Greenacres shopping centre.

Acucap Properties Reit Status application approved

THE potential merger of Acucap Properties and Sycom Property Fund, the portfolio of which is managed by Acucap, "makes commercial sense".

Acucap reports a 6% growth in distribution of 156.22c for the six months ended March 2013

The JSE’s R146bn listed property sector has posted another solid performance over the past 12 months, making more money for investors than general equities, cash or bonds.

Acucap Properties has reported a distribution of 145c per unit (cpu) for the 6 months ended 30 September 2011, 6.03% higher than the same 6-month period last year.

There is a view that Hyprop, under CEO Pieter Prinsloo, may be able to unlock value for Sycom shareholders.

Acucap Properties has posted a 6.3% rise in total distributions to 275.63c per unit for the year ending in March from the previous year.

Property fund Acucap Properties on Wednesday reported that its distributions for the six months ended September 2010 increased by 6.25% to 136.75 cents from 128.70 cents in the corresponding period last year.

Acucap reported headline earnings per linked unit of 229.9c for the year ended March 2010 compared with 223.64c a year ago.