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The value gap between listed property and directly held property is narrowing, says the latest property report by consulting group Rode.

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

Pretoria - iFour Properties, the listed property loan stock company with a portfolio valued at R730 million, yesterday declared an interim maiden dividend of 36c a linked unit.

Johannesburg Hundreds of reptiles have been moved to safety as work begins on clearing one of the largest of the Coega industrial development zone sites.

Acquisitions worth R173m announced yesterday have boosted the asset value of property loan stock company ApexHi Properties to R2,1bn.

Prroperty group Gold Edge Holdings is to grow its portfolio R480m to become a R600m listed property fund in a deal with property investor Niki Vontas.

Johannesburg - The industrial development zone (IDZ) in the Eastern Cape's second-largest city, East London, is well advanced, with two tenants already signed up and seven deals worth between R3 million and R3.5 billion under negotiation.

MONEYWEB: Welcome to Petro Heydenrych, the chief executive of Iprop –financial results out today for the year to end-September. But you can’t really read to much into these results, Petro, because the company has changed so in the past financial year. Just explain to us – at a board level what made you take the decision to sell off your portfolio and then to move more aggressively into property development?

A large portion of the proceeds from the unbundling of land developer iProp went into debt settlement, the group said yesterday.

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.