Shareholders of the listed property fund Cenprop may take some comfort from the second offer for its assets, made this time by property loan stock company Acucap Properties.
IT IS not every day that a property portfolio of the quality of Richway Retail Properties is available for sale at attractive capitalisation rates, say Primegro joint MDs Martin Ettin and Derek Greenberg, who have secured the portfolio.
REDEFINE Income fund, the R1,6bn property loan stock company, has achieved its goal for the year to August 31, boosting headline earnings a linked unit from 17,44c to 35,03c. It was the company's first full financial year of operation since listing in February last year.
Property loan stock company Redefine Income Fund produced headline earnings of 35c a linked unit out of revenue of R215-million during an extremely busy year which ended August.

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