Pangbourne Properties has announced formal offers for i Four Properties and Siyathenga Property Fund

Merger and takeover activity in South Africa's listed property market is expected to hot up considerably over the next few months as dominant players vie more aggressively than ever for a slice of the JSE's R105bn real estate sector

Capital Property Fund, which is part of the Resilient Group stable of listed property funds, has announced that Barry Stuhler has resigned as MD of the listed property unit trust

Resilient Property Income Fund and its sister company have acquired an effective 10% interest in JSE-listed Pangbourne Properties in a move described by Pangbourne CEO Craig Hutchison as a 'hostile attempt to take over the company by stealth'

Listed property company Monyetla Property Fund, formerly Calulo Property Fund, will issue new units to raise about R353m, which will be partly used to fund a property transaction with parent company Pangbourne Properties.

Although Finance Minister Trevor Manuel did not specifically include any property-friendly items in his budget speech last week, his scrapping of taxation on interest for pension funds is expected to be a major boost for the listed property sector.

Listed property loan stock company Pangbourne Properties, which is predominantly an industrial-focused property company, reported on Friday that its distributions had increased 10,6% to 52c for the six months to December.

LISTED property loan stock company Pangbourne Properties announced yesterday it would acquire a 40,6% interest in fellow listed property stock Calulo Property Fund in a R140,3m deal.

The distribution is in line with the company's vision of growing 'distributions above inflation on a sustainable basis'