Property loan stock company Vunani Property Investment Fund has benefited from "tight" management, a stable portfolio, and yield-enhancing acquisitions, according to CEO Rob Kane.

Vunani Property Investment Fund (VPF) expects its distribution per linked unit to be 75c-77c in the year to June‚ from 64.51c in the previous comparative period.

Vunani Property Investment Fund (VPIF) received substantial approval from linked unit holders to raise up to R760 million by way of a rights offer to grow its portfolio.

Vunani Property Investment Fund, the only JSE listed property fund to offer investors significant exposure to commercial offices, reported excellent interim financial results for the six months ended 31 December 2012.

South Africa's listed property sector rallied 2% last week as the Rand strengthened and bond yields fell.

Vunani Property Investment Fund has approved the acquisition of the Foretrust Building in Cape Town as a going concern from Redefine Properties for an amount of R249.5m.

With yet another bricks-and-mortar portfolio Vunani Property Investment Fund made its debut on the JSE, the fourth new property listing since November.

Vunani Property Investment Fund plans to hit the ground running as it starts to attract a diverse set of investors, helped along by R600m in its kitty to buy properties.

Vunani Property Investment Fund has announced plans to list on the JSE’s main board next month via a private placement of units.

Black-owned and managed financial services enterprise Vunani reduced its diluted headline loss per share from 26.54c to 3.18c for the six months ended June.