Investors can expect property loan stock company Arnold Property Fund's (A-Prop's) earnings to drop by at least 50% this financial year, says listed property asset management company Provest.

Property loan stock company Redefine Income Fund said yesterday that it had bought the Standard Bank Centre on Cape Town's foreshore for R218m.

Cape Town - Property loan stock company Arnold Property Fund had posted half-year results that showed a 24 percent slide in distribution per linked unit to 11c, mainly because of tough trading conditions and higher tenant failures, it said yesterday.

Property loan stock company Arnold Property Fund (A-Prop) has added a property portfolio valued at R69,2m to its asset base.