Property loan stock company Freestone Property Holdings, formerly Arnold Property Fund (A-Prop), made a strong come-back yesterday, posting positive interim results and slashing its borrowings 23%.

Hyprop Investments has disposed of office buildings worth an aggregate R93m to a spread of parties

Analysts expect acquisitions and listings to continue in the medium term

LISTED property loan stock company Arnold Property Fund (AProp) announced yesterday a total distribution of 11,5c to unitholders for the year to June 30 2004, which was slightly lower than the 14,27c distributed the previous year.

Listed property loan stock heavyweight Hyprop Investments was the best performer of listed property groups in terms of returns to investors last month, says the latest overview by Catalyst Securities.

Listed property unit trust Emira Property Fund has named wellknown former property analyst James Templeton new CEO of Strategic Real Estate Asset Managers, the fund's asset managers

PROPERTY loan stock company Arnold Property Fund (A-Prop) said yesterday that it had entered into negotiations to acquire a portfolio of properties worth in the region of R312m from Momentum Property Investments.

THERE are lessons to be learnt from last week's news that property loan stock firm Arnold Property Fund (A-Prop) is planning legal action in a bid to recoup value lost since listing.

YESTERDAY's revelation that embattled property loan stock company Arnold Property Fund (A-Prop) is planning legal action to recoup value lost since its listing should come as no surprise to the market.

Arnold Property Fund is set to be restructured by its fund managers in an attempt to resuscitate the ailing property loan stock company.