WITH listed property generally trading at a premium to net asset value, hybrid property loan stock company Redefine Income Fund says that the group's current strategy is to dispose of listed property stock and beef up the fund's fixed property portfolio.

Pretoria - ApexHi Properties, a property loan stock company, would relocate soon to Corpcapital's old business in Rosebank, said Brian Azizollahoff, the chief executive of Redefine.

Redefine Income Fund, managed by Madison Property Fund Managers, announced an increased interest distribution of 8 cents per linked unit for the second quarter ended 29 February 2004.

Property loan stock heavyweight Redefine Income Fund announced on Tuesday that it would be paying an interest distribution of 6,5c to its unit-holders for the final quarter to August, slightly more than what they forecast earlier.

Property company Redefine Income Fund has reported headline earnings per linked unit of 29.75 cents for the year ended August compared with 37.07 cents for the previous year.

Pundits say commercial property sector is getting stronger, more sustainable and less risky

Adequate parking is vital to attract A-grade tenants to commercial buildings, says Redefine Income Fund CEO Brian Azizollahoff.

'right kind of deal to move forward' Property loan stock company Redefine Income Fund has bought the 53 000m2 A-grade Standard Bank Centre on the Foreshore for R218 million.

Property loan stock company Redefine Income Fund said yesterday that it had bought the Standard Bank Centre on Cape Town's foreshore for R218m.

While some large property funds are optimistic about the market, others believe it could stay flat for the time being despite reports of excellent returns.