The listed property sector continues to outperform despite property funds operating in a challenging environment.
Well-established property counters have posted strong annual results over the past few weeks.
JSE's listed property sector has not managed to maintain its run of the past few years of beating the broader all share index.
Synergy Income Fund's A and B units have been among the listed property index's top performers since the beginning of the year, with both having risen nearly 20%.
Proposed 3-way merger between Rebosis,Delta and Ascension will create the first sizable black-managed property portfolio to rank among the R280bn listed property sector's top 10 companies in terms of size.
Rockcastle Global Real Estate says its African operations is on track‚ as it released financial results for the nine months to March.
It will probably take at least another 12-24 months before Redefine Properties achieves its ultimate goal of a full takeover of Fountainhead Property Trust’s R11,1bn portfolio.
Rockcastle Global Real Estate Company, which on Wednesday released results for the 12 months to March 31, says it has identified a number of sites in three African countries for direct property investments.
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