ApexHi Properties Limited has announced a 17% growth in annual distributions, reporting a combined annual distribution of 285,50 cents (2006: 244,00 cents) and a total annual return of 62% for the year to 30 June 2007

ApexHi Properties Limited has acquired two residential property portfolios (the Dunwell and Softstone portfolios) for R246-million and will invest a further R91-million in refurbishing costs in a joint venture with residential specialists, Aengus Property Holdings

A new national commercial property leasing business has emerged as a result of sector consolidation

Apexhi on track to produce best annual results to date

Clearwater Capital – one of the black economic empowerment unit holders in ApexHi Properties Limited - has acquired 80% of the C units held by the ApexHi BEE Trust in a transaction that sees four beneficiaries share R74,8-million profit only six months after the trust’s inception

Specialist consultants, refurbishments and tenant training aim to increase yields.

ApexHi Properties Limited and Isivuno Apex Properties have further strengthened their partnership by agreeing that Isivuno Apex Properties will handle all government leasing activity in the ApexHi property portfolio on a national basis.

Madison Property Fund Managers today announced its excellent maiden results as a JSE-listed company with distributable income of 39 cents per linked unit for an eight month financial period to 31 December 2006. Distributable earnings of R74,1 million exceeded the forecast of R63,6 million by a noteworthy 16,5%.  This equates to a 47,8% total return to linked unitholders since listing on the Financial Real Estate – “Real Estate Holdings and Development Sub – Sector” of the JSE Limited on 7 June 2006.

ApexHi Properties Limited has distributed 73 cents per combined unit (A unit: 32,85 cents; B unit: 40,15 cents) for the second quarter, bringing the total combined distribution for the six months to end December 2006 to 140 cents, a 19,7% increase on the corresponding period to end December 2005.

ApexHi Properties Limited has sold its iconic "diamond building" – 11 Diagonal Street in Newtown, Johannesburg - to Absa for R104-million.