MICC unit holders have been urged to accept the Vukile offer, which closes at noon on January 14

Rival  listed property loan stock companies Vukile Property Fund and ApexHi Properties, the two main unitholders in fellow listed company MICC Property Income Fund, might be forced to negotiate a deal that will benefit them both, analysts say.

Move is revenue-enhancing and a step towards acquiring MICC properties

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

Listed property loan stock company MICC Property Income Fund, which listed on the JSE Securities Exchange SA in October last year, on Wednesday reported distributions to unitholders for the year to September ahead of forecast.

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

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.