Marriot says the unitholders of rival listed property fund Hyprop Investments stand to lose out if Hyprop proceeds with its takeover plans of SA Retail.
ApexHi has announced its third quarter distribution of 56 cents per combined unit for the period 1 January 2005 to 31 March 2005.
SA Retail Properties has been on a unitholder roadshow to promote a planned transaction with Martprop.
Listed property loan stock company Hyprop Investments is confident that SA Retail Properties unitholders will support its hostile takeover bid of the company.
Premium Properties Limited today announced a total distribution for the year ended 28 February 2005 of 50 cents per linked unit.
Octodec Investments Limited announced an interim distribution of 31,6 cents per linked unit for the six-month period ended 28 February 2005.
Although some listed property companies have recently considered aggressively growing their portfolios through hostile takeover bids, such opportunities are limited in the medium term, property commentators say.
Listed loan stock company will appoint an independent financial adviser to consult on an offer made by Hyprop to buy all of its linked units.
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