Redefine Income Fund linked unitholders voted in favour of the company's acquisition of ApexHi Properties and Madison Property Fund Managers.
Listed property has shone amongst South Africa’s top 100 companies, based on share-price performance
The listed property sector will continue to see distribution growth next year, albeit at lower levels than in the past few years.
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.
Aengus Property Holdings is turning the Joburg CBD into a sought-after residential address with the conversion of an entire city block at the hub of Gautrain commuter belt into quality loft apartments
Hyprop Investments says it is 'no longer a party' to merger discussions with the Madison stable of listed property companies.
Rising interest rates continue to batter the listed property market, with the sector having now lost about 30% of its value since its peak in November.
The Madison stable of listed property companies, including Madison itself, all issued cautionary announcements yesterday indicating they were considering a proposal that could see them merge into a single property fund.

eProperty News is a leading online commercial property marketplace serving the Southern African Investment, Office, Retail and Industrial property and allied sectors.