Pangbourne Properties’ turnaround strategy seems to have paid off well.

Merger and takeover activity in South Africa's listed property market is expected to hot up considerably over the next few months as dominant players vie more aggressively than ever for a slice of the JSE's R105bn real estate sector

Capital has announced an interim distribution of 20,10c a unit, compared with the 18,13c a unit in the same period last year

The injection of a substantial property portfolio into listed property unit trust Capital Property Fund last year is paying off with the fund announcing an 11,6% increase in its distributions for the six months ended June.

Listed property unit trust Capital Property Fund said yesterday distributions for the year to December were 3,72% higher than the year before.

LISTED property unit trust Capital Property Fund, chaired by businessman Cyril Ramaphosa, is to acquire a large bundle of properties worth R760m from four key players in the property industry.