JSE-listed diversified real estate investment trust Redefine Properties today announced that its Chief Operating Officer, David Rice will retire on 31 August 2020, after more than a decade of service.

Redefine Income Fund has recorded a headline loss per linked unit of 8.41c for the six months ended February from a profit of 9.82c in the year earlier period.

ApexHi Properties Limited has announced a combined distribution of 93,15 cents (2008: 85 cents) for the period 1 January 2009 to 31 March 2009, a 9,6% increase on the comparable period in 2008

ApexHi Properties Limited has acquired four properties adjacent to the Jewel City precinct in the Johannesburg inner city for R40-million, which will be incorporated into the precinct

ApexHi Properties Limited has approved a R47-million refurbishment of the Terminus building in Klerksdorp

ApexHi Properties Limited has offered to acquire all the Ambit linked units that it does not already own in a scheme of arrangement with Ambit unit holders

Finance Minister Trevor Manuel’s allocation of an additional R13,2-bilion to the social grants programme bodes well for ApexHi Properties Limited’s one million square meter retail portfolio

ApexHi Properties Limited has sold 21 properties for R266-million, realising a surplus on the June 2008 valuation of R15,6-million

ApexHi Properties Limited has acquired a 34,85% stake in Ambit Properties Limited for R597,9-million through the acquisition of 175 856 358 Ambit units

Madison Property Fund Managers have reported an interim distribution of 39 cents per linked unit for the period to 30 June 2008, representing an 8.3% increase from the prior interim distribution period