Redefine Income Fund today announced a 16% increase in total distributions for the year ended 31 August 2006 of 42.7 cents per linked unit. This represents a total income and capital growth of 41% and a total return of 35%.

APEXHI Properties yesterday announced another empowerment transaction that will see a black-owned and managed company administering and managing a R400m office portfolio belonging to the listed property loan stock company.

Strong property fundamentals were continuing to boost retention of tenants with expiring leases in Martprop’s R2,6 billion portfolio, managing director Roger Perkin said today. “The firm demand for quality, well located assets has pegged vacancies in the portfolio at 1,5%,“ he said. “It is also underpinning retention of expiring leases at above 80%. “

ApexHi Properties Limited unit holders today voted in favour of the proposed new C unit, which paves the way for a BEE transaction that will see 10% of the voting rights in ApexHi held by Clearwater Capital and a broad-based BEE ownership scheme.

Listed property loan stock company iFour Properties said yesterday it had delivered a total return of 21,1% to its unitholders for the year to June.

Hyprop has joined with Standard Bank to introduce a capital market debt funding structure appropriately suited to listed property companies

Listed property loan stock company is confident that it has the support of its unitholders for its takeover of rival SA Retail Properties.

Cape-based group Atlas Properties has increased its distribution to unitholders 6,2% to R44,3m for the half-year to end-March

Property group Marriott upped the ante yesterday in its bid to protect SA Retail, which it manages, from a hostile takeover by Hyprop Investments.

Listed property loan-stock company Ambit Properties says it plans to build up its assets to R1bn this year.