ApexHi has sold 104 properties for R668-million to Dipula and Mergence, two BEE enterprise development property companies set up by Redefine Income Fund

Thursday, 07 February 2008 02:00

ApexHi Distributions Increases by 15 percent

Increase in income attributable to rental escalations as well as higher rentals being achieved on renewals

There was time - and not long ago - when interest rate increases saw listed property share prices plummet. Notwithstanding the substantial interest rate increases over the past two years, most of the listed property stocks have not been affected to any great extent

ApexHi Properties Limited is well positioned to take advantage of the current buoyant property market. But perhaps more importantly, the company is also well protected against a potential downturn in the property cycle

Friday, 02 November 2007 02:00

ApexHi 'C' unitholders reap early gain

ApexHi Properties said that its 'C' unitholders had for the first time participated in quarterly distributions

ApexHi Properties has declared a distribution of 78,00 cents for the quarter ended 30 September 2007. This is an increase of 16,4% over the 2006 distribution of 67,00 cents

The eight-year old Game shopping complex in York Street in the George CBD has been sold by the Pretoria-based Moolman Group to ApexHi Properties for R87,5-million

Friday, 24 August 2007 02:00

Home truths

Statements by ApexHi management last week would suggest the fund's flirtations with the residential rental market should be taken seriously. "We certainly see it as an interesting part of our business," says ApexHi MD David Rice. "It's not an easy sector to bulk up, but if we could find more [suitable stock] we would do more."

ApexHi Properties Limited has announced a 17% growth in annual distributions, reporting a combined annual distribution of 285,50 cents (2006: 244,00 cents) and a total annual return of 62% for the year to 30 June 2007

Tuesday, 24 July 2007 02:00

ApexHi Acquires Residential Portfolios

ApexHi Properties Limited has acquired two residential property portfolios (the Dunwell and Softstone portfolios) for R246-million and will invest a further R91-million in refurbishing costs in a joint venture with residential specialists, Aengus Property Holdings

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