Soon-to-be listed property loan stock company Ambit Properties, a joint initiative by Absa Commercial Property Finance and Marriott Holdings, has purchased phase one of Barrow Properties' Thornhill Office Park development in Midrand for R42m.

Firm's goal is to diversify outside SA

Property loan stock company Ambit Properties, a joint initiative of Absa Commercial Property Finance and Marriott Holdings, is set to be listed on the JSE Securities Exchange SA on February 4.

Acquisitions have been structured to achieve a pretax yield of 14% in the next 12 months

LISTED property loan stock giant Redefine said yesterday it welcomed the probe by the insider trading directorate of the Financial Services Board (FSB), saying that as far as it was concerned, there was "nothing unusual" about its trades during June and July this year.

PROPERTY loan stock company ApexHi Properties said yesterday that it would sell four Johannesburg central business district buildings to the Gauteng provincial government for R154,4m.

PROPERTY loan stock company Resilient Property Income Fund has acquired a regional mall in Tzaneen for R83,3m and disposed of an office block for R35m.

PROPERTY loan stock company Growthpoint Properties, the biggest fund in the listed property sector, announced yesterday it would be buying Investec Bank's head office buildings in Sandton and Cape Town

PROPERTY loan stock company Acucap Properties yesterday reported a 3,9% increase in distributions for the six months ended September which management attributed to its property portfolio's long-term income growth potential.

Industrial-focused property loan stock company Metboard Properties has had a revival in fortunes.