Rebosis said that it will allow qualifying investors to subscribe for up to 165 851 703 linked units at an issue price of R10 per linked unit.

The South African listed property sector held its own throughout 2010 relative to other asset classes.

Property loan stock group Vividend says that it aims to grow its assets to the tune of R1.5bn by the end of August next year.

Property development and investment company Billion Group announced the creation and planned listing on the JSE of Rebosis Property Fund, a blackowned and managed property fund valued at about R4bn.

Billion Group has launched the Rebosis Property Fund - a black-owned and managed property fund which will list on the JSE in December.