Tsogo Sun is in talks to buy a significant stake in struggling real estate investment trust, Hospitality Property Fund in what could be the first step in its plan to list a property fund.
Some pundits believe South African listed property’s strong run over several years is set to be derailed by revaluations and a slow-growing economy.
Listed REITs (real estate investment trusts) have become an increasingly important force in the South African economy.
Fortress is expected this week to make a firm offer to Capital Property Fund’s shareholders to take over the fund after expressing an interest in a takeover since May.
New Europe Property Investments declares a distribution of 26.79 euro cents per share in 2013, an improvement of 15% over 23.29 euro cents in 2012.
SA investors should add listed property stocks to their portfolios this year due to their track record in beating inflation better than cash‚ bonds and certain other equity investments, says Grindrod.
Five years ago, SA investors who wanted exposure to offshore property had only one JSE-listed option: the former Liberty International.
High volatility in SA's listed property sector over the past year has largely been blamed on rising bond yields, which conventional wisdom says is bad for property returns.
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