Capital Property Fund has declared a dividend of 29,35 cents per unit for the financial year 2004.

An interim distribution of 14,75 cents for the six months that ended on June 30 has been declared.

Property unit trust Capital Property Fund says it is satisfied with its interim results for the six months to June 30 this year, and they were achieved in tough property market conditions.

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

CAPITAL Property Fund plans to take advantage of the regulatory changes that will enable unit trusts to gear their property portfolio up to a maximum of 30%.

Pretoria - The Mall of Rosebank and Centre City Property Fund, the listed property company, were yesterday granted leave to appeal in their dispute with Stephen Le Roith, a director of Cradock Heights.

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.

Trends in Listed Property

Institutional investment property exposure in the recent past has generally been reduced largely owing to the relaxation of exchange controls and the move from defined benefit to defined contribution pension funds, in turn prompting greater liquidity and choice of investment. With property exposure tending to have deceased in the 1990’s, innovations in property securitisation have subsequently greatly promoted liquidity.