Demand for units will push up prices

Joburg redevelopment bears fruit, writes Don Robertson

ApexHi Properties Limited has declared a quarterly distribution of 25,5c per A unit and 27,25c per B unit for its third quarter 1 January 2004 to 31 March 2004.

LISTED property loan stock giant ApexHi Properties yesterday declared a quarterly distribution of 25,5c for each of its A-units and 27,25c for each of its B-units for the three months to March 31.

Pretoria - ApexHi Properties, a property loan stock company, would relocate soon to Corpcapital's old business in Rosebank, said Brian Azizollahoff, the chief executive of Redefine.

PROPERTY loan stock company Shops For Africa said yesterday that it would wind up its activities and delist this year.

The property loan stock company continues to provide investors with a sustainable income through its innovative unit structure, limited gearing and a strategy to maximise value in secondary located properties with sound tenant profiles

Improved property fundamentals and sound risk management will continue to drive selected listed property prices in 2004, generating returns to investors at very acceptable levels when compared with other investments.

PROPERTY loan stock company ApexHi Properties said yesterday that it would sell four Johannesburg central business district buildings to the Gauteng provincial government for R154,4m.

PROPERTY loan stock company Resilient Property Income Fund has acquired a regional mall in Tzaneen for R83,3m and disposed of an office block for R35m.