Demand for units will push up prices

Prima Property Trust today announced a final distribution of 4,43 cents per unit for the four months from 1 January 2004 to 30 April 2004, representing a 3% improvement on the forecast.

Redefine Income Fund, managed by Madison Property Fund Managers, announced an increased interest distribution of 8 cents per linked unit for the second quarter ended 29 February 2004.

Prima Property Trust announced today its interim distribution of 2,1cents per unit for the two-month period from 1 November 2003 to 31 December 2003.

Prima Property Trust has cemented its new strategy of focusing on smaller properties.

Pretoria - Prima Property Trust, the listed property unit trust with a market capitalisation of R147 million, is in negotiations to acquire properties valued at about R600 million.