APEXHI TO DISPOSE OF MICC UNITS IN EXCHANGE FOR PROPERTIES

Provest Private Clients' Chris Hansen gives the outlook for 2005

Vukile has extended the date of its proposed offer to acquire MICC Property Income Fund Limited to January 14, it announced on Wednesday.

Following the recent publication of its maiden interim results, the upward re-rating of  property loan stock company Vukile's (VKE) units has had a positive impact on its offer for MICC, the company said.

Spearhead Property was set to double the size of its property portfolio

There seems little chance of either the Vukile Property Fund or ApexHi Properties succeeding in their takeover bids for full control of the MICC Property Income Fund.

Listed property loan stock company says its offer for all the linked units of rival MICC Property Income Fund still stands

Listed property loan stock company Vukile Property Fund, which is in the middle of a bidding war with industry rival ApexHi, yesterday increased its offer for all the units of MICC Property Income Fund.

Vukile makes offer for MICC

Pretoria - A new property giant with assets of about R2 billion is due to be listed on the JSE Securities Exchange in mid-May.