South Africa’s listed property sector surged 8.2% during the week that ended on 28 June 2013, on the back of lower bond yields, a stronger Rand and some quarter-end window dressing.

Synergy Income Fund today announced it has appointed Anton Raubenheimer as Financial Director from 1 August 2013. 

Fountainhead is continuing its strategy of buying quality retail assets in strong retail nodes, announcing that it has reached an agreement to acquire Access Park, in Cape Town.

CEO Anton Raubenheimer said yesterday Fountainhead’s strategy of owning big shopping centres, which were performing well in the recession, helped. The group, formerly called Grayprop, has a property portfolio that is valued at R7,6bn and includes interests in shopping centres such as Benmore and Centurion in Gauteng, and N1 City Mall, the Blue Route Mall and Kenilworth Centre in the Western Cape.

Fountainhead Property Trusts refurbishment of Cape Towns Kenilworth Centre is well underway and is progressing according to plan. In excess of R100 million has been allocated to the upgrade, which started in September 2007 and is anticipated to be completed by September this year

Fountainhead Property Trust Management, the authorised manager of Fountainhead Property Trust, has announced changes to its board of directors