Property investment holding group Hyprop is increasingly becoming a niche retail specialist.

PROPERTY investment group Hyprop has scooped The Mall of Rosebank and JHI House, beating two other contenders to the two jewels in the portfolio of property unit trust Cenprop.

LISTED property fund Acucap has accused Property Fund Managers, Cenprop's asset management company, of not accurately reflecting its offers to Cenprop unit holders.

Listed property unit trust Capital Property Fund can expect a modest increase in earnings this year, says asset management company Property Fund Managers.

Fraternity hopes mergers will deliver bigger, better and more liquid funds and draw the attention of fund managers.

Insurance group Momentum is considering raising its R320m cash offer for two Johannesburg north properties, The Mall of Rosebank and the adjoining office block JHI House, says Warren Schultz the chief operating officer of RMB Properties, which is acting on behalf of Momentum.

THE interim financial results of property loan stock company Acucap, released at the weekend, could decide the fate of two Rosebank Properties, The Mall and JHI House that are sought by three groups, including Acucap.

Rosebank Mall's shareholders and its small tenants will be the big losers if owner Cenprop can't stop a demolition order. Cenprop is appealing the order, which could take a year or more to reach court.

Shareholders of listed property fund Centrecity Property (Cenprop) could take a knock if a high court decision which ordered demolition of a certain section of Cenprop's shopping centre, The Mall of Rosebank, goes through.

Shareholders of the listed property fund Cenprop may take some comfort from the second offer for its assets, made this time by property loan stock company Acucap Properties.