Redefine Income Fund has acquired a portfolio of 9 properties from Collins Property Group for R252,5 million, at a forward yield of 10.7%

A national innovation centre for plant biotechnology plans to spend over R112-million over the next three years in a bid to develop a sustainable agricultural and plant biotechnology industry in South Africa by 2014.

In a move welcomed by thec industry, national property manager Trafalgar has launched SA's first residential property rental index, saying that the lack of sound rental information has been a major cause of arguments over a price bubble.

Listed property loan-stock company, iFour, has had a successful year in delivering on its commitment to shareholders.

Phenomenal property boom in this once-dusty sheikhdom looks set to spill over into Africa.

Property loan stock company Atlas Properties (ATS) has reported a total distribution to unit holders of 41.8 cents per unit for the six months to end-March 2004, up from 39.4 cents a unit for the comparable period a year earlier.

Vigourous competition for listed companies

Listed industrial property fund Metboard has acquired a portfolio of 22 properties from Lyons, at a cost of R176.4 million.

The South African Department of Water Affairs and Forestry (Dwaf) recently revealed that it would shelve the proposed R5-billion Thukela water project

South African construction group WBHO, in joint venture with the Masinya Empowerment Group, reported good progress on the construction of Afrisun Kwazulu Natal’s new Sibaya Casino and Entertainment Kingdom, south of Umdloti, in Kwazulu Natal.