Herman Mashaba was appointed as non-executive director of Metboard Properties on 25 August 2004.

Norbert Sasse was appointed CEO of Growthpoint Properties Limited today (Tuesday 24 August, 2004).

It is believed that most analysts prefer internal management structures because objectives are more aligned with unitholders' interests

Mortgage securitisation likely to be the next big thing in listed property sector

Although some property commentators have expressed doubt about significant new listings coming to market in the next year, others have not ruled themout, saying there may be scope for one or two on the JSE Securities Exchange SA.

Acquisitions, low rates boost performance

The listed property sector is expected to benefit from anticipated stability in the interest rate environment, which should create growth prospects in distributable earnings.

If funds in the listed property unit trust and property loan stock sectorwant to be rated as a preferred stock by asset managers, they need to deliverdistributable earnings growth in the region of 5%.

LISTED property asset management company Provest, which is part of the Investec Property Group, says it is expecting debt securitisation initiatives from various property listings on the JSE Securities Exchange SA.

An expanded shopping centre will soon be available in Rustenburg as Growthpoint Properties, which recently purchased Waterfall Mall Shopping Centre, is proceeding with its plans for this dominant regional shopping centre.