It is believed that most analysts prefer internal management structures because objectives are more aligned with unitholders' interests

Listed property loan stock company iFour Properties announced its financial director James Nunes would be taking over as CEO from Anthony Diepenbroek

Property sale increases retail exposure

CAPITAL losses in the listed property sector may not materialise this year in fact the sector is expected to post a small capital increase of about 2%.

Listed asset management company Provest, which is part of the Investec Property Group, has come out in support of listed property funds outsourcing its management to companies outside the listed entity.

Property loan stock company iFour Properties announced yesterday that its decision to acquire commercial, retail and office properties valued at R742m had been approved by the majority of the firm's shareholders.

 Property loan stock group Pangbourne Properties reported improved earnings yesterday for the year to June what after was described as a challenging year for the company. 

Industrial-focused property loan stock heavyweight Pangbourne, with a market
capitalisation of about R1,2bn and asset base of R1,57bn, is looking to
expand its asset portfolio still further. This after having recently raised
its stake in rival iFour Properties to 48,8%. 

A more confident property era is coming and Pangbourne wants a big share of it.

Pretoria - Pangbourne Properties, the listed property investment company, has gained control of listed peer iFour Properties.