JSE-listed Arrowhead Properties, which has indicated that it is eyeing opportunities in the residential sector for the first time, said on Wednesday it had posted a "very positive" performance in the quarter ended June.

Arrowhead Properties has concluded an agreement to acquire Indite Property Fund, a 100% black owned and black managed property fund, as part of their growth and broader Black Economic Empowerment strategies, aligning the company with the SA Property Charter.