Listed Prima Property Trust, a property unit trust, has managed to increase its liquidity significantly for the year to April, with 42% of its weighted average of units in issue being traded during the period.

Furthering its strategy of growth through acquisition, Prima Property Trust today announced its purchase of a portfolio of properties for R82 million from Ellerine Holdings.

Prima Property Trust has agreed to purchase a portfolio of 45 properties from Ellerine Bros for R198,1 million, at a yield of 13,7% in its largest single acquisition to date. This transaction is effective 1 October 2004.

Prima Property Trust today announced a final distribution of 4,43 cents per unit for the four months from 1 January 2004 to 30 April 2004, representing a 3% improvement on the forecast.

Prima Property Trust announced today its interim distribution of 2,1cents per unit for the two-month period from 1 November 2003 to 31 December 2003.

Prima Property Trust has cemented its new strategy of focusing on smaller properties.

Pretoria - Prima Property Trust, the listed property unit trust with a market capitalisation of R147 million, is in negotiations to acquire properties valued at about R600 million.