Listed property loan stock company ApexHi Properties announced yesterday that its distributions to its "B" unitholders had increased 9% to 120,5c, making its year to June results the strongest in its four-year history.

Listed property loan stock company ApexHi Properties' acquisition of Prima Property Trust's portfolio will help consolidate the listed property sector

IN A deal worth nearly R1bn, listed property loan stock company ApexHi Properties is set to acquire the entire property portfolio of sister fund Prima Property Trust.

Listed property fund ApexHi Properties has made an offer to acquire the property portfolio owned by Prima Property Trust for R1-bn.

ApexHi has grown its EC portfolio to 14 buildings with a gross lettable area of 94,129m².

Listed property loan stock company Vukile Property Fund pleased the market yesterday, reporting maiden year-end results that beat its prospectus forecast.

Although some listed property companies have recently considered aggressively growing their portfolios through hostile takeover bids, such opportunities are limited in the medium term, property commentators say.

2 Arnold Road, has been successfully converted from a single-tenant building to a multi-tenant environment and is fully let.

Listed property loan stock company ApexHi Properties yesterday reported solid results for the six months to December, saying these followed an "active period of acquisitions, disposals, significant leasing deals and high trading volumes".

APEXHI Properties’ shift towards greater retail exposure is gaining momentum, with the listed loan stock company announcing this week that it acquired a further R96,5m worth of properties.