Listed loan stock company, Pangbourne Properties Ltd, has appointed four new directors to its board.

Absa, iFour Properties Limited and Pangbourne Properties Limited made finance history today with the launch of South Africa’s first Commercial Mortgage Backed Securities (CMBS) programme.

Listed property loan-stock company iFour Properties Ltd (IFR), has declared a final distribution of 41 cents per linked unit, for a total annual distribution to shareholders for the year to end-June 2004 of 78 cents per linked unit, up from the 75 cents distributed a year earlier.

Listed property loan-stock company, iFour, has had a successful year in delivering on its commitment to shareholders.

Listed property loan stock company iFour Properties announced its financial director James Nunes would be taking over as CEO from Anthony Diepenbroek

Property sale increases retail exposure

Delivering on its promise to investors, iFour Properties Limited (IFR), the 1.4 billion rand property loan stock company, has declared a distribution of 37c per linked unit for the six months ended December, in line with the forecasts previously published in a circular to unit holders.

Property loan stock company iFour Properties announced yesterday that its decision to acquire commercial, retail and office properties valued at R742m had been approved by the majority of the firm's shareholders.

Industrial-focused property loan stock heavyweight Pangbourne, with a market
capitalisation of about R1,2bn and asset base of R1,57bn, is looking to
expand its asset portfolio still further. This after having recently raised
its stake in rival iFour Properties to 48,8%. 

A more confident property era is coming and Pangbourne wants a big share of it.