While its listed peers Growthpoint, Redefine and unlisted Attfund have dived into the melting property markets in Western Europe and Australia, Resilient is making money.

Last Tuesday Growthpoint’s price leapt 9,9% to R15,50 on a record turnover of 30m shares. This when the listed property sector lies moribund on the margins of the world’s unravelling financial markets.

Every listed property fund that has reported results so far this year has managed to raise income payouts by more than 10%. That suggests that the commercial property market - unlike its residential counterpart - still has some steam left

Merger and takeover activity in South Africa's listed property market is expected to hot up considerably over the next few months as dominant players vie more aggressively than ever for a slice of the JSE's R105bn real estate sector

Capital Property Fund, which is part of the Resilient Group stable of listed property funds, has announced that Barry Stuhler has resigned as MD of the listed property unit trust

Listed property loan stock company Resilient Property Income Fund says it has acquired an additional 9,1-million linked units in Pangbourne Properties for R150,7m

The latest round of results from listed property funds confirm that the sector has more than delivered on its earnings growth promises

Developments will be coming on stream

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

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.