Property loan stock company Alpina Investment has announced the acquisition of the Orion property portfolio for R225m as it continues to look for properties that will generate more money.

Listed property company Bonatla Property Holdings, which has become a cash shell after selling most of its property portfolio, yesterday reported a net loss of R14,2m for the six months to March 2004.

Fairvest has taken stinging criticism from a shareholder who has complained to the JSE that the company is a 'disappointment and disaster'

BONATLA Property Holdings, which became a cash shell after selling its entire property portfolio to Momentum Property Investments and Ixia Trading 532, may not delist.

Property loan stock company Alpina, formerly Gold Edge, is in a deep hole

THE JSE Securities Exchange SA announced yesterday that the listings of property companies Bonatla Property Holdings and Fairvest Property Holdings had been suspended after they failed to submit their provisional financial statements on time.

How promoters can turn a R2 investment into less than R1 in the middle of a property boom

 Small investment company Gold Edge Investments is to be relaunched as a property loan stock company called Alpina Investments in August. 

Fairvest Property Holdings is set to follow the same path of fellow small-cap italisation company Bonatla Property Holdings by delisting within the next few months.

Bonatla Property Holdings, which has become a cash and share shell after disposing of its entire property portfolio for R624m, is likely to delist in the next three months.