Paul Theodosiou is the Chief Executive Officer of Sycom Property Fund Limited. He is also the Managing Director of Acucap Properties Limited. 

Announcement of offer by Acucap Properties to acquire all Sycom Property Fund units in issue.

Retail-focused Acucap and office-biased Sycom announce distribution growth of 5.9% and 4.4% respectively for the six months to September.

THE potential merger of Acucap Properties and Sycom Property Fund, the portfolio of which is managed by Acucap, "makes commercial sense".

Acucap reports a 6% growth in distribution of 156.22c for the six months ended March 2013

Sycom Property Fund reports a 5.8% rise in distribution to 90.6c for the six months ended March 2013.

Listed property unit trust Sycom Property Fund said it "accepted" the JSE’s censure regarding three general issues for cash in 2010 and 2012, for which Sycom did not obtain unitholder approval, and said it did not believe it would be in the interests of unitholders to take the matter further.

Listed property unit trust Sycom Property Fund has exceeded market expectations by delivering distribution growth of 11,1% for the year to March, compared with the equivalent figure of a year earlier.

Retail-focused listed property loan stock company Acucap Properties delivered solid distribution growth of 10,4% for the year to March, compared with the previous year, saying this was a “good result for this stage in the property cycle”.

Acucap Properties has attributed its strong increase in distributions to good rental growth on renewal of leases.