Yields and rentals underpin investment decision

Listed property loan stock company Hyprop Investments has welcomed the news that rival Marriott funds SA Retail Properties and Martprop are scrapping their proposed property transaction.

Metboard Properties forced to reduce rentals on certain leases to lower market-related rentals.

Listed property loan stock Redefine Income Fund yesterday posted above industry average results, reporting an 11,29% increase in its total distributions for the six months to February.

Although some listed property companies have recently considered aggressively growing their portfolios through hostile takeover bids, such opportunities are limited in the medium term, property commentators say.

Growpoint Properties, yesterday reported a 6% surge in distributions for the six months to December

Unit trust company Stanlib is launching a new batch of collective investment schemes because of the high level of demand for listed property.

Listed property loan stock company iFour Properties yesterday reported a 5,4% increase in its distributions for the six months to December last year over the same period the previous year.

The launch of two new global property funds will give South African investors access to quality properties the world over, including the London property market.

The SA property index, which represents property unit trusts and property loan stock companies on the JSE Securities Exchange, produced a negative return in January of minus 0.74 percent