Property loan stock company South African Retail Properties, which hasa property portfolio worth nearly R1,1bn, including 27 shopping centres,has increased its distributable income to unit holders.
SA Retail Properties has outperformed market expectations with a 5,7% rise in distributable income to 65,9c a linked unit for the year ended March 31, 2004 (2003: 62,35c).
Listed property loan stock company SA Retail Properties has bought a 50% undivided share of Sanlam Centre in Pinetown from Sanlam for R95,4 million.
LISTED property loan stock company SA Retail Properties announced yesterday it was well positioned to increase earnings and market share next year.
MARRIOTT Property Services is listing SA Retail Properties, the 19th property loan stock company on the JSE Securities Exchange SA, on Friday. The fund will be a focused fund a departure from the trend of diversified portfolios in the local listed property sector.

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