Killarney Mall owner Octodec has posted a small drop in distributions to 65c for the six months to February, from 65.1c in the first half of last year.

A consortium of the Wapnick family and Octodec announced a partial offer to acquire 10% of the linked units held by Premium unitholders.

The time may be ripe for further consolidation in the listed property sector, commentators say.

Pretoria - The property unit trust and property unit trust sectors of the JSE Securities Exchange generated a pretax total return of 42.6 percent for the 12 months to December, according to an analysis by Provest, the wholly owned property asset management subsidiary of Investec Bank.

Choice between unit trust or loan stock could reshape property sector IF GRAYPROP and Grayvest merge they will have to choose whether to house the newly created entity either in a property loan stock company or a property unit trust.

LISTED property group Gold Edge and property loan stock company Octodec Investments announced yesterday the acquisition of Killarney Mall, a prime shopping centre north of Johannesburg, for R235m.