New real estate investment trust (Reit) regime will also give unlisted property companies an incentive to list on the JSE as a Reit, says Java Capital director Andrew Brooking.
South African listed property sector has undergone some dramatic changes over the past 13 years, becoming increasingly sophisticated.
A total of just over 17 million A and B linked units were issued for a combined consideration of R14.60, raising gross proceeds of R250 million.
Hyprop Investments says it is 'no longer a party' to merger discussions with the Madison stable of listed property companies.

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