Property loan stock company Paramount Property Fund (Paraprop) said it was acquiring a retail property, as well as two office blocks, for a total consideration of R42,2m.

Ambit Properties Limited announced today that it has taken transfer of all the properties in its portfolio.

Pretoria - Unit holders in Shops For Africa, the listed property loan stock company, have approved the sale of the company's entire property portfolio to listed property company ApexHi for R415.3 million.

March 5, 2004 Growthpoint Properties Limited, South Africa's largest listed property loan stock company, announced an interim distribution of 33.5 cents per linked unit for its six-month period ended December 31.

HIGHER retail rentals and low interest rates have helped some listed property companies to turn in profits well ahead of forecasts.

Growthpoint Properties Limited, South Africa's largest listed property loan stock company, announced an interim distribution of 33,5 cents per linked unit for its six-month period ended 31 December 2003 representing a 4.7% increase in distribution over the comparable six-month period in 2002.

Listed property loan stock company SA Retail Properties has bought a 50% undivided share of Sanlam Centre in Pinetown from Sanlam for R95,4 million.

SA Retail had been on the acquisition trail recently.

PROPERTY loan stock company Shops For Africa said yesterday that it would wind up its activities and delist this year.

'Steep increases in turnover and operating income were largely due to acquisitions'