Commercial property management company Broll Property Group has sold a portfolio of mainly local shopping centres to JSE-listed Fairvest Property Holdings Limited for R326 million.

Fairvest Property reported that its headline earnings per linked unit for the year ended march 2009 were at 1.4 cents from the 29.4 cents recorded during the previous year.

Property loan stock company will apply to the JSE to lift the suspension on trading for the company's linked units

Listed property company Bonatla Property Holdings, which has become a cash shell after selling most of its property portfolio, yesterday reported a net loss of R14,2m for the six months to March 2004.

Fairvest has taken stinging criticism from a shareholder who has complained to the JSE that the company is a 'disappointment and disaster'

Property loan stock company Alpina, formerly Gold Edge, is in a deep hole

Shareholders will soon hear why money was paid last June, says Niki Vontas

THE JSE Securities Exchange SA announced yesterday that the listings of property companies Bonatla Property Holdings and Fairvest Property Holdings had been suspended after they failed to submit their provisional financial statements on time.

 Small investment company Gold Edge Investments is to be relaunched as a property loan stock company called Alpina Investments in August. 

Fairvest Property Holdings is set to follow the same path of fellow small-cap italisation company Bonatla Property Holdings by delisting within the next few months.