Listed property fund managers are eagerly preparing to join the globalising trend of property that will bring more capital,greater liquidity and higher prices. But they're ignoring some bad habits that they will have to change before international investors rate them equal to Australian, American or European funds. 
Funds are devouring each other to crack the R15bn-plus market capitalisation that would attract big international investors. Their managers are debating how best to change their property unit trusts and property loan stock companies into real estate investment trusts (Reits) - the format that is understood throughout the world.

Paramount Property Fund has declared a fourth and final distribution of 15.5 cents per linked unit

Paraprop said yesterday it had acquired the Pick 'n Pay centre in Claremont, Cape Town, from Sanlam

Property loan stock company Paramount Property Fund (Paraprop) said it was acquiring a retail property, as well as two office blocks, for a total consideration of R42,2m.

PARAMOUNT Property Fund (Paraprop) declared a distribution of 12.5c for the first quarter of this year, which is 4% higher than the same period last year.

LISTED property fund Paramount Property Fund (Paraprop) believes the outlook for the property market for 2004 is reasonably good and that the economy is well positioned for growth in line with anticipated expansion in the world economy.

Cape Town - Paramount Property Fund (Paraprop) plans to grow its R906 million property portfolio again as the outlook for the property market for 2004 was reasonably good and the economy was well positioned for growth in line with the anticipated expansion of the global economy.

After a slump in interim income distribution, unit holders will be overjoyed to learn that management has taken "the first step in a process that will
see Paraprop establishing itself as a leading niche property loan stock". This message of hope, from MD Rodney Squire-Howe, could well beg the
question from your average cynic: What have they been doing up to now?Taking a chance on a capital structure that blew up in their faces is a fair
reply. 

Paramount Property Fund (Paraprop) has announced the acquisition of 13 commercial properties to the value of R161 million.

Flurry of new listings boasting high-risk yields of more than 18% The JSE's property loan stock (PLS) sector is expanding fast and, for the first time, investors have a real choice between quality yields of 11% or high risk at more than 18%. They can also choose between office, retail and industrial subsectors.