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
Old Mutual's decision to withdraw its planned listing of its R12bn Triangle Real Estate Core Fund had deprived investors of the chance to own some of SA’s premier retail assets, as well as the opportunity to significantly increase the listed property sector’s market capitalisation, analysts said last week.
Property stocks could pip general equities at the post again this year, while the listed property index hit a new record high earlier this month after dipping 10% in the first quarter.
The Eastern Cape will get a R2,7bn a year boost with the construction of a R4,2bn manganese smelter in the Coega industrial development zone, but much of the benefit will be limited to the Nelson Mandela Bay metro area.
Property stock prices have had an overdue shake-out this year, falling 10% since January in their biggest setback since 2008. It’s a shake-out that could present a buying opportunity with the potential of solid future returns.
The jury may be out as to when interest rates will peak, but experts agree that when they do, it will be the best time to buy property unit trusts
eProperty News is a leading online commercial property marketplace serving the Southern African Investment, Office, Retail and Industrial property and allied sectors.