ApexHi Properties can count a government department, Woolworths and Juta Bookshop among its new tenants.

Property loan stock company ApexHi Properties is continuing to maintain high trading volumes, with an average of more than 42% of its units in issue trading in the 12 months ended June 30.

ApexHi Properties can count a government department, Woolworths and Juta Bookshop among its new tenants.

Results exceed expectations.

AN INVESTMENT in ApexHi Properties in March 2001, when the company converted from a property unit trust (PUT) to a property loan stock (PLS), would have grown more than 70% (income and capital growth). 

DURBAN ApexHi Properties has acquired Maritzburg-based retail development Capital Centre for R20m. The acquisition is in line with the property holding company's strategy of investing in high-yielding instruments.

Property company Pangbourne Properties (PAP) has announced that it has agreed to collectively acquire from Growthpoint Properties and the Mine Employees Pension Fund (MEPF) 17.854 million iFour (IFR) linked units at 572 cents per linked unit for an aggregate consideration of R102.125-million.

PROPERTY loan stock company ApexHi Properties is already counting the gains that will flow from the tax relief directed at property investors in older central business districts (CBDs).

ApexHi Properties has sold the lift and escalator division of subsidiary Domayne Engineering Services to Otis for R11-million.

Acquisitions worth R173m announced yesterday have boosted the asset value of property loan stock company ApexHi Properties to R2,1bn.