LOGIN

Black economic empowerment consortium Lembede Investment Holdings has bought a 16,5% stake in Rand Leases Properties.

Investors can expect property loan stock company Arnold Property Fund's (A-Prop's) earnings to drop by at least 50% this financial year, says listed property asset management company Provest.

Analysts believe companies have been given impetus by the easing of exchange control regulations.

Shareholders in Congella Federation (Confed) approved plans to dispose of its property portfolio and distribute the cash in a move that sees the investment holding company join the growing ranks of small companies exiting the JSE Security Exchange SA .

Bonatla Property Holdings, which has become a cash and share shell after disposing of its entire property portfolio for R624m, is likely to delist in the next three months.

JSE looses a key person too

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

Having endured a turbulent two years, financial and property specialist Quyn Holdings plans to delist from the JSE Securities Exchange SA before the end of the year.

AILING property specialist Jigsaw reported a sharp drop in earnings yesterday courtesy of what was a "disappointing and traumatic" trading period.

THE surge in UK property giant Liberty International’s share price (both in SA and the UK) since the beginning of May has caught the market by surprise, especially as latest indications are that the UK spending boom is slowing.