REDEFINE Income Fund CEO Peter Penhall has challenged criticism of the hybrid property loan stock company structure, saying specialist equity managers would not necessarily have the depth of knowledge of the property market a hybrid's manager has.

Property loan stock company Fairvest has published its intention to make an 85c a linked unit offer for property investment company Bonatla.

Property loan stock company Spearhead Property Holdings and black empowerment group Lukhanyo have formed a joint venture property trading operation.

PURSUING its growth plan which is designed to add some 20% annually to its asset base and turnover, Spearhead Property Holdings, the JSE-listed property loan stock company, has formed a joint venture with the Lukhanyo group, one of the fastest growing black empowerment companies in South Africa.

PROPERTY loan stock company Fairvest has pulled off its R420m property portfolio acquisition by using a complicated financial technique that essentially defers a substantial portion of payment to vendors.

THE R420m Daisy Street acquisition by property loan stock company Fairvest has brought some radical changes for the group.

THE interim financial results of property loan stock company Acucap, released at the weekend, could decide the fate of two Rosebank Properties, The Mall and JHI House that are sought by three groups, including Acucap.

Both the property loan stock and property unit trust sectors held up well in the face of market weakness and the 4% increase in interest rates this year,' says the company.

Property loan-stock company Redefine Income Fund has been working around the clock to restore a 5050 portfolio split between directly held property and listed property securities and at the same time grow its overall portfolio.

IT IS not every day that a property portfolio of the quality of Richway Retail Properties is available for sale at attractive capitalisation rates, say Primegro joint MDs Martin Ettin and Derek Greenberg, who have secured the portfolio.