Listed property company Monyetla Property Fund, formerly Calulo Property Fund, will issue new units to raise about R353m, which will be partly used to fund a property transaction with parent company Pangbourne Properties.

Listed property loan stock company Pangbourne Properties, which is predominantly an industrial-focused property company, reported on Friday that its distributions had increased 10,6% to 52c for the six months to December.

Listed property loan stock company Calulo Property Fund has delivered below-par growth in distributions for the six months to December

ApexHi Properties Limited has distributed 73 cents per combined unit (A unit: 32,85 cents; B unit: 40,15 cents) for the second quarter, bringing the total combined distribution for the six months to end December 2006 to 140 cents, a 19,7% increase on the corresponding period to end December 2005.

CBS Property Portfolio has completed a remarkably successful maiden year as a JSE-listed property loan stock investment and holding company.

Calulo Property Fund has major expansion plans, with the firm targeting a market capitalisation of R1bn over the next year, says new MD Cheryl Wendelken.

CBS Property Portfolio, which is enjoying a growth phase after listing on the JSE last November, has appointed well-known property player Richard Harman as an executive director.

Calulo Property Fund was the top performer in the listed property sector last month in terms of total return

LISTED property loan stock company Pangbourne Properties announced yesterday it would acquire a 40,6% interest in fellow listed property stock Calulo Property Fund in a R140,3m deal.

JSE-listed Calulo Property Fund has declared an interim distribution of 11,8c for the six months to December