LISTED property unit trust Sycom says its strategy of growing its property portfolio through property development as opposed to acquisitions is resulting in higher returns.
Listed property made investors rich last year, but is it 2005’s best buy, ask Adele Shevel and Chris Needham
With privately owned funds offering stiff competition for assets, many listed funds are turning to development option
LISTED property unit trust Sycom Property Fund, one of the largest listed property funds, has reported distributable earnings for the year to March of 107,02c a unit
LISTED property continues to attract investors and those lacking expertise for appropriate stock-picking have the option of investing in one of the "funds of funds" in the property arena.
Unit trusts recognised for consistent top performance of their underlying property assets
Property unit trust heavyweight Sycom Property Fund may have to adjust the offer price of the new units to be issued in its capital-raising exercise given the recent weakness in listed property stock in general.
Property unit trust giant Sycom Property Fund says it has concluded agreements for about R500m in property deals, which will increase its market capitalisation to about R2,2bn.
Listed property may be everybody's favourite JSE sector but, like a newly discovered celebrity without table manners, its corporate governance is generally an embarrassment

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