Listed property loan stock company iFour Properties said yesterday it had delivered a total return of 21,1% to its unitholders for the year to June.

Well-known industry figure Anthony Diepenbroek plans to focus on putting together listed empowerment property funds.

The group announced a 5% increase in distribution to 96,0 cents (2004: 91,5 cents) which, together with a 43% increase in share price over the 12 month period, gives a total return of 56%.

iFour Properties says that the acquisition of six more retail properties in township or rural areas stands it in good stead to take advantage of the growth in the economy.

Total return of 61% for the year

Growthpoint Properties says it has disposed of a significant portion of its listed property investment portfolio for a total consideration of R671 million

Ushaka Marine World in Durban was named the overall winner of commercial property association Sapoa's awards For Excellence in property development 2005 last week at the organisation's annual convention at Sun City.

Listed property loan stock company Pangbourne Properties is upbeat about the prospects for its newly acquired Pineslopes retail centre, saying Fourways, where the centre is situated, is one of the "premier growth" areas in Gauteng.

Pangbourne has increased its distributions by 4,7% as a result of improved occupancies and increased rentals in the companies industrial property portfolio.

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.