SA's listed property funds are in a race for size that could leave the 26-fund, R94bn market cap sector with five or six giants and a few dwarves

Listed property company could benefit from longer-term returns in the retail sector if the Public Investment Corporation's proposed R2,3bn bid goes ahead

Listed property companies run the same risk of takeover as listed non-property companies

Ask any analysts or fund manager if there are any cheap steals left in the listed property sector and the unanimous answer is "no". After all, the sector is trading at an average 56% premium to net asset value.

Acucap announced the deal this week for proposed acquisition of a blue chip

Close to an investment crisis - that's the effect on the property sector of the Public Investment Corp 's (PIC) R2,3bn purchase of listed fund CBS.

Big challenge is to find suitable properties

Although Finance Minister Trevor Manuel did not specifically include any property-friendly items in his budget speech last week, his scrapping of taxation on interest for pension funds is expected to be a major boost for the listed property sector.

The listed property sector appears to be on track to meet the targets of its empowerment charter, which is aimed at placing 25% of the property sector in black hands in five years.

Some companies are distributing trading profits and others non recurring items to their unit holders