Arrowhead, the JSE-listed property company announced on 6 December, 2013 that it had acquired 31,7% of Vividend Income Fund.

Vividend declares a distribution of 50c per linked unit for the year ended August 31 2013 which is above forecast expectations.

Vividend Income Fund, a property loan stock company listed on the JSE, returned sparkling growth in its unaudited results for the six months ended February.

Listed property loan stock company Vividend Income Fund said it had entered into agreements which, if successfully concluded, would result in it acquiring 90% of Access Park, in Kenilworth, Cape Town, for R483m.

The South African listed property sector held its own throughout 2010 relative to other asset classes.

Vividend Income Fund debuted on the JSE on Thursday, listing 104.7 million linked units at an issue price of R5 per unit, raising R523.8 million.

Property loan stock group Vividend says that it aims to grow its assets to the tune of R1.5bn by the end of August next year.

On the face of it the proposed listing of a new property loan stock company, Vividend, is what the sector needs. Its small initial property portfolio, worth R425m, won’t attract the big institutions that dominate listed property.