Redefine Income Fund has reported double-digit distribution growth for the year to August, compared with the previous period.

A STRONG performance from its shopping centres and its investment in listed Sycom Property Fund helped to boost Hyprop Investment’s distributions 15,4% to 150c for the six months to June.

Reflecting the defensive quality of its shopping centre assets in a depressed economy, JSE retail property fund Hyprop Investments posted a 15,4% increase in distributions to 150 cents for the six months to June 2008

Although investors climbed back into listed property in a big way last month - the index gained around 14% in July - industry players aren't expecting the sector to continue to deliver the same super returns seen over the past three years

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

Retail-focused Hyprop Investments reported a record 20% distributions increase for the year to December, to 270c a unit.

Property Index Tracker Collective Investment Scheme in Securities (PropTrax) has effected its first dividend distribution of 61.13 cents per PropTrax SAPY security

Despite higher interest rates and global credit fears, 2007 is turning out to be yet another bumper year for listed property investors - both in terms of income and capital growth

Hyprop Investments said it had acquired a 31,3% interest in listed property unit trust Sycom Property Fund in a R1,24bn transaction