Synergy Income Fund's A and B units have been among the listed property index's top performers since the beginning of the year, with both having risen nearly 20%.

Most of SA's listed property funds convert to real estate investment trusts, moving them in line with global tax practice and putting them on the global map.

Vukile Property Fund's CEO Laurence Rapp says the company has rebased its portfolio and that it will match the listed property sector's performance in the near future.

Complete overhaul of Vukile's Randburg Square Mall translates into top quality mix of tenants.

Refurbishments and upgrades enhance property values, reduce vacancies

2014 has confirmed that the listed property sector is moving from a cycle of new listings, into one of consolidation.

Synergy Income Fund today announced half year distribution growth of 5% for its A linked unitholders and 11.3% for its B linked unitholders for the six-month interim period to 31 December 2013.

Vukile Property Fund has further demonstrated its commitment to maintaining and enhancing the value of its portfolio by investing R2.9 million in the refurbishment of its East London flagship property, Sanlam Business Park, a fully tenanted, upmarket, four-level building situated in Vincent, East London.

South Africa's listed property sector is set to undergo consolidation in 2014.

Linked unit holders are referred to the announcements released on SENS on 15 November 2013 and 29 November 2013. 

Page 8 of 17

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