Investor interest in property unit trusts, loan stocks

DURBAN ApexHi Properties has acquired Maritzburg-based retail development Capital Centre for R20m. The acquisition is in line with the property holding company's strategy of investing in high-yielding instruments.

Brian Azizollahoff, the current managing director of listed property loan stock company ApexHi Properties, has been appointed chief executive of listed hybrid property loan stock company Redefine Income Fund.

Property loan stock company has dropped its bid to take out the assets of Fairvest Property Holdings.

PROPERTY loan stock company ApexHi Properties is already counting the gains that will flow from the tax relief directed at property investors in older central business districts (CBDs).

Acquisitions worth R173m announced yesterday have boosted the asset value of property loan stock company ApexHi Properties to R2,1bn.

Pretoria - ApexHi, the JSE Securities Exchange-listed property loan stock company, has acquired six new properties in Port Elizabeth worth R45 million, boosting the value of its portfolio to R1.925 billion.

PROPERTY loan stock company ApexHi Properties said yesterday that it was on course for a fullyear distribution of 205c a linked unit as it released results for the six months to December.

Hybrid property loan stock company Redefine says its business practice of combining direct property holdings and listed property instruments offers special benefits for the group.

Property loan stock company ApexHi has added four properties valued at R120,8m to its portfolio, it said yesterday