Choice between unit trust or loan stock could reshape property sector IF GRAYPROP and Grayvest merge they will have to choose whether to house the newly created entity either in a property loan stock company or a property unit trust.

Friday, 03 August 2001 03:01

Grayprop and Grayvest to merge

The operations of Allan Gray Property Trust (Grayprop) and Allan Gray Property Investments (Grayvest) are to be merged, it was announced on Friday.

Fund managers do not expect earnings growth; period of consolidation.

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