Listed property loan stock company Pangbourne Properties, which has been on the acquisition trail recently, said last week it would buy the Crescent Retail Centre in Umhlanga Rocks for R176,1m in cash.
Property loan stock company Alpina Investment has announced the acquisition of the Orion property portfolio for R225m as it continues to look for properties that will generate more money.
Listed property loan stock company Pangbourne Properties is upbeat about the prospects for its newly acquired Pineslopes retail centre, saying Fourways, where the centre is situated, is one of the "premier growth" areas in Gauteng.
Property loan stock company Freestone Property Holdings, formerly Arnold Property Fund (A-Prop), made a strong come-back yesterday, posting positive interim results and slashing its borrowings 23%.
Furthering its strategy of growth through acquisition, Prima Property Trust today announced its purchase of a portfolio of properties for R82 million from Ellerine Holdings.

eProperty News is a leading online commercial property marketplace serving the Southern African Investment, Office, Retail and Industrial property and allied sectors.