The Green Building Council of SA (GBCSA) today announced the appointment of sustainability expert Dorah Modise (previously Nteo) as its Chief Executive Officer (CEO), the highly experienced Rudolf Pienaar as its new Non-Executive Board Chair and Faieda Jacobs as Non-Executive Deputy Chair.
Listed Property in South Africa is finding its way on to the buying lists of leading international pension fund/asset managers now that the sector is starting to offer the size and liquidity required by offshore investors
Allan Gray Property Trust (Grayprop) reports that its net distributable income for the first six months of the financial year amounted to 21,4c a unit, a 10,9% increase on the distributions for the same period last year
The unit price of Madison Property Fund Managers, the first property asset management company to list on the JSE - in June last year - has increased about 60% since it first listed.
The market can expect to see even more consolidation in the South African listed property sector this year, with bigger players acquiring smaller companies and friendly mergers between others.
Investment management firm Allan Gray has been approached about selling its controlling stake in the firm that manages property unit trust Grayprop, a statement to the stock exchange said.
Allan Gray Property Trust has reported an increase of 11.4% in distributions for the year ended September to 39 cents per unit from a previous 35 cents per unit
PROPERTY unit trust company Allan Gray Property Trust said yesterday that net distributable income for the six months to March 31 amounted to 15,6c a unit, 4% higher than the year-ago period.
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