Arrowhead Properties, the only JSE listed property loan stock company to pay quarterly distributions, reported an excellent maiden set of annual results to the year ended 30 September 2012 having exceeded their pre-listing objectives and forecasts.

Arrowhead Properties is a property loan stock company holding a diverse portfolio of around 100 properties throughout South Africa and has released its first set of interim results for the 6 months ending March 2012

Arrowhead Properties, listed on the JSE in November, is to acquire a portfolio of office buildings from Growthpoint Properties for R167,6m based on a yield of 11%.

Gerald Leissner, Redefine independent non-executive director, resigns from the board

Arrowhead Properties experienced a fair bit of activity on its first day of trade on Friday.

Property loan stock company Arrowhead Properties is set to list on the JSE's main board.

The sale of property by larger funds has provided an opportunity for Arrowhead to assert itself in the sector according to Arrowhead CEO, Gerald Leissner.

Officially retired in June 2009, Gerald Leissner now plans to return to the SA listed property sector to run what could become the JSE’s sixth new real estate listing in 12 months, known as Arrowhead Properties

Redefine is making significant progress on both the acquisition and disposal front in implementing its portfolio repositioning strategy but this could be initially expensive

Redefine Properties has announced a change in the board of directors, following its recent merger with ApexHi and Madison