Listed property prices have seen a rapid correction over the past two weeks, although analysts say this provides opportunities for both investors and companies themselves.

Vunani Property Investment Fund (VPF) expects its distribution per linked unit to be 75c-77c in the year to June‚ from 64.51c in the previous comparative period.

Vunani Property Investment Fund (VPIF) received substantial approval from linked unit holders to raise up to R760 million by way of a rights offer to grow its portfolio.

Growthpoint announces the withdrawal of its offer for Fountainhead.

Capco acquires the Empress State Building having exchanged contracts with Land Securities Group for the 50% not already owned for GBP117m.

Redefine Properties CEO Marc Wainer retires from the board of Hyprop Investments.

Redefine Properties seized the opportunity to increase its direct holding in Australian listed Cromwell Property Group this week by taking up Aus$65.6 million of Cromwell’s capital raise, which will partly fund Cromwell’s successful acquisition of a portfolio of government properties

Going forward‚ we will be stripping out non-recurring income‚ less non-recurring expenditure‚ which will be distributed in a special distribution each year.

Dipula Income Fund boosted its distributable earnings by 44,1% year on year for the six-month interim period ended 28 February 2013 and has significantly progressed with its portfolio growth strategy.

THE state’s sale of nonstrategic properties could more than double the size of South Africa’s listed property sector and see transformation in the industry significantly accelerated.

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