Cape Town - Hybrid property loan stock companies were finding more favour among investors despite the fact that they continued to be controversial in the industry, Coronation said yesterday.

Growthpoint's decision to invest in a portfolio of linked units signals the growing popularity of a hybrid property loan stock structure, but questions about the merit of this hybridity remain.

Hybrid property loan stock company Redefine says its business practice of combining direct property holdings and listed property instruments offers special benefits for the group.