'Resilient group' of listed property funds outperforms other established property groups thanks to the dominance of the funds in the market segments they focus on

Resilient Property Income Fund has received a claim for almost R1bn relating to alleged damages suffered by a property investment group as a result of Resilient family firm Capital Property Fund’s acquisition of Clairwood Racecourse.

There's still money to be made in the highly competitive rural and township retail market if you own established, dominant malls. 

Resilient Property Income Fund on Thursday said it had increased its stake from 10% to 75% in two major, adjacent shopping centres in southern Durban through a net purchase price of R1.39bn.

Shares in Resilient Property Income Fund climbed 1.69% last week to close at R54 after the retail-focused property company reported a 12.83% rise in distributions to 136.23c per linked unit for the six months ended June.

Resilient Property Income Fund declares a distribution of 136.23c per linked unit in the six months to June.

Resilient Property Income Fund has claimed the overall Investment Property Databank (IPD) Direct Property Investment Award 2013, at the 11th Annual IPD South Africa Property Investment Conference today in Cape Town. 

Shares in Resilient gain 2.8% to R60.50 after it said it expected its distribution per linked unit for the six months ended June to rise 12%.

Resilient Property Income Fund and its wholly-owned subsidiary Property Fund Managers have agreed terms of a transaction that would internalise the management of Capital Property Fund — a property unit trust managed by Property Fund Managers, the companies said on Friday.