A group of black investors including Transport Minister Jeff Radebe's wife Bridgette and new entrants, has bought a 25% stake in Sanlam's property loan stock company, Vukile Property Fund, for R439 million.

Redefine distribution surges on higher-yielding portfolio.

Vukile Property Fund has made a firm offer to acquire the remaining 25% stake in MICC Property Income Fund that it does not already own.

Metboard Properties reports a 22.6% rise in revenue to R233m and trading income up 21.4% to R181.6m for the year ended March 2005.

Metboard intends to expand its portfolio by actively seeking industrial clients that wish to grow and that require a focused and established property fund to assist them in meeting their property needs.

Redefine Income Fund, managed by Madison Property Fund Managers, announced an increased interest distribution of 9 cents per linked unit for the second quarter ended 28 February 2005.

Premium Properties Limited today announced a total distribution for the year ended 28 February 2005 of 50 cents per linked unit.

Octodec Investments Limited announced an interim distribution of 31,6 cents per linked unit for the six-month period ended 28 February 2005.

Listed loan stock company will appoint an independent financial adviser to consult on an offer made by Hyprop to buy all of its linked units.

Property loan stock company has unveiled a hostile takeover bid for competitor SA Retail Properties, saying it intended to acquire all the linked units in the company.