PROPERTY loan stock company iFour is looking to reduce its exposure to the office market.

Pretoria - iFour Properties, the listed property loan stock company with a portfolio valued at R730 million, yesterday declared an interim maiden dividend of 36c a linked unit.

Stock buoyant: units buck market trend with 44% growth Spearhead builds on its property share success.

THE first-half financial period for property loan stock company Pangbourne Properties was dominated by the tidying up of the group's portfolio following a merger with two other listed funds, CBD Properties and Pioneers Funds.

Directors of property loan stock company ApexHi emerged from the first half of the financial year confident that the group would deliver its full-year forecast distribution of 102c per A unit and 103c per B unit.

Superficially, property entrepreneur Niki Vontas's proposed takeover of Bonatla's property portfolio is straightforward: 'a purchase consideration of R157,3m satisfied by . . . 157,3m' Fairvest units plus R20m cash.

Cupar is a property loan stock company that is expected to list next week.

PROPERTY loan stock company Redefine Income Fund has raised R136m to be used for debt reduction through a private placing of 54,6-million of its linked units at 250c a linked unit.

Prroperty group Gold Edge Holdings is to grow its portfolio R480m to become a R600m listed property fund in a deal with property investor Niki Vontas.

CAPITAL Property Fund plans to take advantage of the regulatory changes that will enable unit trusts to gear their property portfolio up to a maximum of 30%.