Specialist rural retail property company Diversified Property Fund aims to list on the JSE in the first week of next month with a property portfolio worth about R680m.
Listed property loan stock company Resilient Property Income Fund's distributions surged 12,25% for the six months to June compared with the same period last year
Two of the three listed property funds that posted financial results last week reported increases in their distributions of more than 10%.
Redefine Income Fund has further decreased its holdings in listed property securities, disposing of its entire investment in Resilient Property Income Fund, Freestone Property Fund and Spearhead Property Group.
Resilient Property Income Fund is planning to put together another listed property fund with exposure to retail properties in rural areas and parts of Africa.
Resilient Property Income Fund yesterday announced a 7,2% rise in its distributions to unitholders for the year ended December last year, compared with the previous year's annualised results.
The past 18 months have seen a flurry of corporate activity in the listed property sector with property acquisitions, mergers and new listings invigorating the sector and commentators expecting this trend to continue in the medium term.
Listed property loan stock company Resilient Property Income Fund has on Monday announced that it would acquire a further 6,4% interest in fellow company Acucap Properties
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