Redefine Income Fund ,one of SA’s largest listed property companies, will from Monday appear on the Global Property Research 250 index joining nine other South African companies on the list.

Ambit Properties will delist from the JSE today after its approved bid to merge with listed property loan stock company ApexHi Properties by the Competition Commission.

The Competition Commission has approved a bid by ApexHi Properties to buy the shares it did not already own in Ambit Properties.

Ambit Properties reported that its headline earnings per linked unit for the six months ended March were up by 20.19c, up from the 13.11c reported the for the previous period.

The total combined distribution for the six months to end December 2008 to 178,50 cents (2007: 161 cents), which reflects growth of 11% for the combined units

In it's first major acquisition in 15 months, listed property loan stock company ApexHi Properties has bought a 34,85% interest in Ambit Properties for R597,9m.

Listed property loan stock company Ambit Properties has announced it will acquire Abseq Properties, which owns one of the “premier office portfolios in Johannesburg’s northern suburbs”, in a transaction valued at R1,036bn.

ABSA Bank has acquired full control of the management company of listed property company Ambit Properties for an undisclosed amount

Listed property loan stock company Ambit Properties on Thursday reported distribution growth of 6,9% to 14c a unit for the six months to March, compared with the same period last year.

The South African listed property sector is arguably the fastest-growing sector on the JSE, with about six new property funds having listed on the main board of the exchange in the past two years.