Friday, 29 August 2003 02:00

Sycom may have to adjust new unit prices

Weakness in the listed property sector may not necessarily be bad as it could woo new buyers.

 

Property unit trust giant Sycom Property Fund says it has concluded agreements for about R500m in property deals, which will increase its market capitalisation to about R2,2bn.

 

Grayprop interim results for the six months which ended on March 2003 were in line with expectation, showing no growth from the same 15c declared for the same period last year, according to the latest Provest property roundup.

Friday, 23 May 2003 02:00

Location not the be-all and end-all

 

AN INVESTMENT in ApexHi Properties in March 2001, when the company converted from a property unit trust (PUT) to a property loan stock (PLS), would have grown more than 70% (income and capital growth). 

Grayprop interim results for the six months which ended on March 2003 were in line with expectation, showing no growth from the same 15c declared for the same period last year, according to the latest Provest property roundup.

Friday, 25 April 2003 02:00

Grayprop distribution 15c to end March.

Property unit trust company Allan Gray Property Trust (Grayprop, GRY) declared a distribution for the six months ended March 31 of 15 cents per unit - in line with the forecast in the annual report.

Thursday, 13 March 2003 10:01

Pangbourne, iFour talk of partnership

Pangbourne Properties' move to increase its holdings of iFour linked units to 34% has sparked speculation that the group is looking to take out iFour's assets.

Tuesday, 11 March 2003 10:01

Pangbourne acquires iFour linked units.

 

Property company Pangbourne Properties (PAP) has announced that it has agreed to collectively acquire from Growthpoint Properties and the Mine Employees Pension Fund (MEPF) 17.854 million iFour (IFR) linked units at 572 cents per linked unit for an aggregate consideration of R102.125-million.

Thursday, 09 January 2003 10:01

Acucap keeps close watch on property cycle.

Group has 68% retail sector exposure.

Wednesday, 11 December 2002 10:01

Wayne McCurrie: Market commentator.

Wayne McCurrie is our regular Monday evening market commentator, but tonight we have him in a different role.

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