The listed property sector is developing black-owned enterprises to meet its black economic empowerment (BEE) requirements.

Listed property loan stock company ApexHi Properties says the responsibilities of its empowerment partner, Isivuno Apex, have been expanded to include handling the leases of all its government-tenanted buildings. The role of Isivuno, which was formed in August last year and is 100% owned by property player Dumisani Mene, was initially to manage a R500m property portfolio owned by ApexHi in Pretoria. By managing this specific portfolio, Isivuno was to handle all lease negotiations with government tenants.

Redefine Income Fund today announced a 16% increase in total distributions for the year ended 31 August 2006 of 42.7 cents per linked unit. This represents a total income and capital growth of 41% and a total return of 35%.

Listed property loan stock firm Redefine Income Fund on Wednesday announced it had formed a joint venture empowerment property company with property figure Saul Gumede

Redefine Income Fund Limited today announced that it has formed a joint venture with black-owned and managed Dijalo Property Services to be called Dipula Property Fund (Pty) Ltd.