Acucap Properties has unveiled a takeover bid for Atlas Properties in a deal valued at about R820m

A buoyant retail property market helped listed property loan stock company Resilient Property Income Fund's distribution growth soar 19,87% to 63,20c for the year to December.

Acucap Properties has unveiled a BEE transaction that will see BEE group Thesele becoming a 10% linked unit holder of Acucap for 168.9 million rand

Listed property roundup.

Listed property loan stock company Resilient Property Income Fund's distributions surged 12,25% for the six months to June compared with the same period last year

Two of the three listed property funds that posted financial results last week reported increases in their distributions of more than 10%.

JSE-listed property funds - managed portfolios of shopping centres, offices and industrial property - show no sign of peaking, as some analysts started warning over a year ago that they would. Their combined market capitalisation has doubled to R46-billion in five years, and should reach R50-billion this year.

Analysts expect acquisitions and listings to continue in the medium term

Listed property loan stock company Resilient Property Income Fund has on Monday announced that it would acquire a further 6,4% interest in fellow company Acucap Properties

Acucap, the listed property loan stock company, has bought the company that manages the assets of its property portfolio for R15.15 million in cash.