Resilient increases total distributions for its financial year by 25.1%, thanks to the effects of capital raising, a solid performance from its property portfolio and a weaker rand.

African continent could become a competitive field for SA's property developers if the early movers act as catalysts.

Holden commenced his career with Standard Bank in 1981. In 1995 he joined Syfrets Bank, which specialised in property lending, holding the position as Head of Credit.

Following various mergers he held the position of Regional Head of NIB/Nedbank Corporate Property Finance division Western Cape for five years, where after he joined Old Mutual Properties for 8 months.

In March 2004 Holden decided to pursue his own interests as a property developer, project manager and consultant. In March 2012, Holden joined Resilient Africa Real Estate, a Retail Mall Developer in Nigeria as Managing Director

Resilient increases its distribution by 18.3% to 159.59c per linked unit for the interim period ended December 2013.

Three years ago only a handful of formal shopping centres were scattered across Africa, now developers are starting to flow into new retail-focused projects.

Private equity firm Actis is investing a further $278m of equity into property developments in sub-Saharan Africa, bringing its total African property investments across two funds to about $433m.

'Resilient group' of listed property funds outperforms other established property groups thanks to the dominance of the funds in the market segments they focus on