Redefine Income Fund has disposed of 70.75 million Martprop Property Fund units and 8.4 million Growthpoint Properties Limited units.

Growthpoint Properties Limited will acquire The Paddocks Shopping Centre in Milnerton, Cape Town, for a total purchase consideration of R88,4 million, on a forward yield of around 11%.

Growthpoint to take its South African pitch on Investec's UK road show in the hope of attracting European customers

Marriott Unit Trust Company has closed three of its unit trust funds that invest in listed property investments to new investments. Marriott says it is concerned that current yields in the listed property sector may be unrealistic and will not be sustainable within the next 12 months.

Having been previously neglected, sector starts to win confidence of large institutional investors

Old Mutual will redevelop Nelspruit's Riverside Mall in a R130m expansion that will see a number of top retailers added to the existing tenant mix.

Tenants demand wider area to sell as SA's 22-year-low interest rates spur shopping frenzy

Listed property investment holding company Growthpoint Properties Ltd (GRT) has reported a 3.7% rise in its distribution for the year to end-June 2004, to 69 cents per linked unit from 66.55 cents the previous year.

Growthpoint today announced a total distribution of 69,0 cents per linked unit for the financial year ending 30 June 2004.

Norbert Sasse was appointed CEO of Growthpoint Properties Limited today (Tuesday 24 August, 2004).