The general market view is that listed property loan stock company Hyprop Investments’ hostile takeover bid for SA Retail Properties will succeed.
Marriott is getting desperate in its efforts to stop listed property loan-stock house Hyprop Investments from taking over SA Retail.
SA Retail Properties has been on a unitholder roadshow to promote a planned transaction with Martprop.
Durban-based Marriott and its four listed funds - SA Retail, Martprop, Ambit and Oryx - are the most vulnerable in the sector to the predations of their peers
Listed loan stock company will appoint an independent financial adviser to consult on an offer made by Hyprop to buy all of its linked units.
Listed property loan stock company's takeover bid for competitor SA Retail Properties is an attractive offer for unit holders.
Property loan stock company has unveiled a hostile takeover bid for competitor SA Retail Properties, saying it intended to acquire all the linked units in the company.
Speculation that listed property loan stock company SA Retail Properties could be the target of a hostile takeover bid by another listed property fund has set the market abuzz for the past two weeks.
SA Retail Properties has achieved a record low vacancy factor of 3,9% in its shopping centre portfolio during the half-year ended September 30. Tenant trading densities have increased, and the current view on interest rates suggests continued strength in the retail sector says managing director Peter Sparks.

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