Resilient Property Income Fund and its wholly-owned subsidiary Property Fund Managers have agreed terms of a transaction that would internalise the management of Capital Property Fund — a property unit trust managed by Property Fund Managers, the companies said on Friday.

In the first and largest development of its kind in Namibia, Windhoek will soon have its own mixed use precinct – with retail, residential, hotel, entertainment and offices all interlinking in a single vibrant location.

LISTED property unit trust Capital Property Fund, chaired by businessman Cyril Ramaphosa, is to acquire a large bundle of properties worth R760m from four key players in the property industry.

Industry conference at last lances the boil of phoney portfolio values

Property loan stock company Resilient Property Income Fund has acquired a 25% stake in property unit trust Capital Property Fund as well as 25% of the fund's management company, Property Fund Managers.

LISTED property unit trusts Capital Property Fund and Centrecity Property Fund (Cenprop) announced yesterday that Mike Cullabine had resigned as a director of Property Fund Managers, the management company handling the two funds.

PROPERTY investment group Hyprop has scooped The Mall of Rosebank and JHI House, beating two other contenders to the two jewels in the portfolio of property unit trust Cenprop.

Property Fund Managers (PFM) expects a modest increase in earnings for Capital Property Fund unit holders in 2003.

Listed property unit trust Capital Property Fund can expect a modest increase in earnings this year, says asset management company Property Fund Managers.

Pretoria - The Mall of Rosebank and Centre City Property Fund, the listed property company, were yesterday granted leave to appeal in their dispute with Stephen Le Roith, a director of Cradock Heights.