Two of the three listed property funds that posted financial results last week reported increases in their distributions of more than 10%.

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).

The Bottom Line: Hyprop’s position

The Hyprop share is up 2.3% to R24 buoyed by the booming property market - also the news that more than 60% of Hyprop unit holders are in favour of taking over rival property group SA Retail.

Hyprop Investments has adjourned its general meetings called to vote on the group's takeover bid for rival SA Retail, saying it would be doing further canvassing of SA Retail unitholders about its takeover prospects

Hyprop Investments has adjourned its general meetings called to vote on the company's takeover bid for rival property fund SA Retail

There does not seem to be much hope that listed property loan stock Hyprop will succeed with its takeover of SA Retail Properties.

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

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.