Listed property loan stock company SA Retail Properties was on Wednesday blocked by unit holders from issuing units as part-payment for property transactions.

The development of a R59 million shopping centre, co-owned by SA Retail Properties Ltd and Vukile Property Fund, is nearing completion on a site in Kings Road, Pinetown. “Pine Walk Centre extends the SA Retail-Vukile partnership in Pinetown,” says Peter Sparks, managing director of SA Retail. “It is opposite Pine Crest Shopping Centre, which is co-owned by the two funds.”

Competition Tribunal has approved the acquisition by Old Mutual Properties of the property businesses of Marriott paving the way for the creation of South Africa's largest property asset management company called Old Mutual Property group - with assets totalling some 32 billion rand.

Hyprop Investments now holds a 44.4% stake in rival property fund SA Retail Properties, following the acceptance by SA Retail unitholders of Hyprop's offer

Growthpoint Properties says it has disposed of a significant portion of its listed property investment portfolio for a total consideration of R671 million

More than 60% of unitholders in listed property fund Hyprop Investments Ltd (HYP) have voted in favour of Hyprop's takeover bid for rival property group SA Retail Properties Ltd (SRL).

Brisk trading at Sanlam Centre has triggered a R50 million value centre development in Kings Road, Pinetown.  The adjacent shopping centres, on opposite sides of Kings Road, will have combined projected retail sales of more than R3 billion a year making them the fifth biggest shopping node in Durban.

Marriott, the fund manager of listed property funds SA Retail Properties and Martprop, has dealt a blow to Hyprop Investments' takeover bid for SA Retail, saying more than half of SA Retail unitholders will reject Hyprop's offer.

Business Day interview with Simon Pearse.

Marriot says more than half of SA Retail unitholders will reject Hyprop’s offer.