The third and final phase of Central Park, an 18 000 square metre low rise office park situated around a village green at Century City, is nearing completion.

Hyprop Investments has announced that its total distribution for the year ended December 31 2008 has increased by 14.1% to 308 cents per combined unit.

It is not surprising that external management of property funds is so controversial. It you look at the results of Madison Property Fund Managers for December, it earned R138m from the three listed property funds it manages but it also had a second and third bite of the cherry, earning R12m in leasing fees and R14,2m in property management fees which were paid by the three property companies it already manages.

Standard  Bank has affirmed its confidence in listed property group Hyprop Investments by granting the firm R500m debt that Hyprop plans to invest in completing various upgrades on Canal Walk in Cape Town and Hyde Park Shopping and The Glen Shopping Centre in Johannesburg throughout the year.

Blue-chip listed property loan stock company Hyprop Investments on Tuesday reported an 18,2% surge in distributions to 130c for the six months to June.

An 11,7% increase in net income from its shopping centres helped Hyprop Investments deliver another set of strong interim results for the six months to June 2007

Bain, the US private equity fund that is paying R25bn for listed retail giant Edcon, may have struck a snag with the landlords of the 1m m² of retail space that Edcon occupies in shopping centres.

Big isn't always beautiful, as the past year's experience shows