Acucap Properties’ acquisition of a 17,5% interest in Sycom Property Fund appears to have been bought at a premium

Listed property company Acucap Properties yesterday announced it had acquired a 17,5% interest in Sycom Property Fund for R787,6m

South Africa’s R105bn listed property sector finds itself in somewhat of a catch-22 situation. On the one hand it wants to attract meaningful foreign investment; on the other it hardly has enough scrip to satisfy local demand

Acucap Properties reported that its distributions increased 19,3% to 108,51c for the six months to September due to a solid performance from its property portfolio

The proposed acquisition will boost the office component of Acucap's property portfolio to 24% from 18%

Acucap Properties has unveiled a takeover bid for Atlas Properties in a deal valued at about R820m

Listed property loan stock company Resilient Property Income Fund has on Monday announced that it would acquire a further 6,4% interest in fellow company Acucap Properties

It is believed that most analysts prefer internal management structures because objectives are more aligned with unitholders' interests

Unit distribution up 2.3% on previous year

PROPERTY loan stock company Acucap Properties yesterday reported a 3,9% increase in distributions for the six months ended September which management attributed to its property portfolio's long-term income growth potential.