Hyprop Investments now holds a 44.4% stake in rival property fund SA Retail Properties, following the acceptance by SA Retail unitholders of Hyprop's offer

Hyprop Investments declares an interim distribution per combined unit of 91 cents, an 18% increase on that declared a year earlier

Blue-chip listed property loan stock company Hyprop Investments is forecasting distribution growth of 12% for this year on the back of a buoyant retail property sector.

iFour Properties says that the acquisition of six more retail properties in township or rural areas stands it in good stead to take advantage of the growth in the economy.

Growthpoint Properties says it has disposed of a significant portion of its listed property investment portfolio for a total consideration of R671 million

Two of the three listed property funds that posted financial results last week reported increases in their distributions of more than 10%.

More than 60% of unitholders in listed property fund Hyprop Investments Ltd (HYP) have voted in favour of Hyprop's takeover bid for rival property group SA Retail Properties Ltd (SRL).

The Bottom Line: Hyprop’s position

The Hyprop share is up 2.3% to R24 buoyed by the booming property market - also the news that more than 60% of Hyprop unit holders are in favour of taking over rival property group SA Retail.

Hyprop Investments has adjourned its general meetings called to vote on the group's takeover bid for rival SA Retail, saying it would be doing further canvassing of SA Retail unitholders about its takeover prospects