LISTED property loan stock company Pangbourne Properties announced yesterday it would acquire a 40,6% interest in fellow listed property stock Calulo Property Fund in a R140,3m deal.

Listed Property Fund, until recently rather slow on the transformation front, are expected to step up black empowerment deal-making over the next few months to comply with the requirements of the Property Sector Transformation Charter signed last week by Government and industry players.

JSE-listed Calulo Property Fund has declared an interim distribution of 11,8c for the six months to December

Matemeku 104, the black-owned company founded by businessman Moss Mashishi, has acquired the 28% stake in Calulo Investments