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Growthpoint Properties' first foray into Eastern Europe receives a mixed reaction from one South African fund manager.
Investors might be in a rush to see the back of 2015. Despite a dispirited Alsi, the property sector presents signs of good health.
Catalyst Fund Managers notes offshore counters looking to take advantage of South African investors’ appetite for offshore exposure with UK-focused specialist REIT Capital and Regional and International Hotel Group completing secondary listing’s on the JSE main board and AltX respectively.
Western Cape-based Tower Property Fund is branching out overseas along with several other SA property companies, but analysts warn that these markets come with their own challenges.
The SA Listed Property Index (J253) recorded a positive return of 3.16% for the month ended February 2015.
Listed property returns likely to beat forecasts
Collapse of yet another proposed multibillion rand merger in the R300bn listed property sector raises renewed questions on whether consolidation is necessarily in shareholders' best interests.
These rand hedge property counters‚ which receive 100% of their earnings in either US dollars‚ British pounds‚ euro or Australian dollars‚ were some of the JSE's biggest money-spinners over the past year.
Black-controlled Rebosis Property Fund and Delta Property Fund have put their respective take-over bids for Ascension Properties on hold to avert a protracted bidding war for Ascension's lucrative R3.2bn portfolio of government-tenanted offices.
South Africa's listed property sector is set to undergo consolidation in 2014.