Listed property loan stock companies SA Reit and Redefine Income Fund will redevelop a Cape Town central business district (CBD) site to create a state-of-the-art 18-storey office block valued at more than R600m.

The Madison stable of listed property companies, including Madison itself, all issued cautionary announcements yesterday indicating they were considering a proposal that could see them merge into a single property fund.

Although there is likely to be corporate activity in the form of mergers, even they will be affected by the pricing of units

ApexHi has sold 104 properties for R668-million to Dipula and Mergence, two BEE enterprise development property companies set up by Redefine Income Fund

Fitch Ratings recently changed Redefine Income Fund Ltd's (Redefine) Outlook to Positive from Stable

South Africa's largest JSE-listed property asset manager, Madison Property Fund Managers has achieved a total distribution of 76 cents per linked unit for the year ended 31 December 2007, 30% higher than the annualized maiden distribution of 39 cents for 2006

Property Index Tracker Collective Investment Scheme in Securities (PropTrax) has effected its first dividend distribution of 61.13 cents per PropTrax SAPY security

Redefine Income Fund announced a first quarter distribution of 13.3 cents per linked unit for the period to 30 November 2007. This is an increase of 12.7% over the first quarter distribution paid last year

Brian Azizollahoff, CEO of Redefine, has recently returned from attending the Macquarie Bank Emerging Leaders Conference held in London and New York earlier this month

Offshore Investors are finally starting to buy South African listed property's growth story as the R100bn sector begins to offer the size and liquidity required by overseas asset managers