Old Mutual will redevelop Nelspruit's Riverside Mall in a R130m expansion that will see a number of top retailers added to the existing tenant mix.

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

Unit distribution up 2.3% on previous year

In 2003 the Property Unit Trust and Property Loan Stock sectors generated a total pre-taxation return of 42.6%

PROPERTY loan stock company Acucap Properties yesterday reported a 3,9% increase in distributions for the six months ended September which management attributed to its property portfolio's long-term income growth potential.

Property loan stock company Acucap Properties will not issue any paper to acquire a R220m retail shopping mall turnkey development in Kempton Park because the listed property sector has shown a downward correction.

Property investment holding group Hyprop is increasingly becoming a niche retail specialist.

PROPERTY investment group Hyprop has scooped The Mall of Rosebank and JHI House, beating two other contenders to the two jewels in the portfolio of property unit trust Cenprop.

LISTED property fund Acucap has accused Property Fund Managers, Cenprop's asset management company, of not accurately reflecting its offers to Cenprop unit holders.

Group has 68% retail sector exposure.