PANGBOURNE Properties said yesterday that it would list a specialist retail fund, Siyathenga Property Fund, on the JSE Securities Exchange SA.

Listed property loan stock company Pangbourne Properties, which has been on the acquisition trail recently, said last week it would buy the Crescent Retail Centre in Umhlanga Rocks for R176,1m in cash.

Listed property loan stock company Pangbourne Properties is upbeat about the prospects for its newly acquired Pineslopes retail centre, saying Fourways, where the centre is situated, is one of the "premier growth" areas in Gauteng.

Interview with Athol Campbell - CEO Pangbourne Properties.

Listed loan stock company, Pangbourne Properties Ltd, has appointed four new directors to its board.

Absa, iFour Properties Limited and Pangbourne Properties Limited made finance history today with the launch of South Africa’s first Commercial Mortgage Backed Securities (CMBS) programme.

LISTED property loan stock company Pangbourne said yesterday one of the reasons for its 2,8% increase in distributable earnings for the year to June was an improvement in its rental agreements.

LISTED property loan-stock company Pangbourne Properties said on Friday that the acquisition of a R439m property portfolio from Strupot Property Investments would increase its distributable earnings to unitholders by about R7m for the period from October to next June.

Property sale increases retail exposure

CAPITAL losses in the listed property sector may not materialise this year in fact the sector is expected to post a small capital increase of about 2%.