Listed property loan stock Redefine Income Fund yesterday posted above industry average results, reporting an 11,29% increase in its total distributions for the six months to February.
Durban-based Marriott and its four listed funds - SA Retail, Martprop, Ambit and Oryx - are the most vulnerable in the sector to the predations of their peers
Property loan stock company has unveiled a hostile takeover bid for competitor SA Retail Properties, saying it intended to acquire all the linked units in the company.
Speculation that listed property loan stock company SA Retail Properties could be the target of a hostile takeover bid by another listed property fund has set the market abuzz for the past two weeks.
2 Arnold Road, has been successfully converted from a single-tenant building to a multi-tenant environment and is fully let.
Hyprop Investments has disposed of office buildings in aggregate worth R93 million to a spread of parties, successfully furthering its core strategy of disposing of non-core commercial properties to focus on prime retail real estate.
Investors in the listed property sector can expect lower, more stable total returns of 13% in 2005 - says First South Securities property analyst Leon Allison
Redefine Income Fund has disposed of 70.75 million Martprop Property Fund units and 8.4 million Growthpoint Properties Limited units.

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