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PROPERTY'S underlying value as a defensive investment opportunity will continue to attract investor focus despite a volatile environment characterised by high interest rates, says Andre Stadler, managing director of Catalyst Securities.

Survey cites oversupply, lower income

PROPERTY loan stock company Paramount Properties has budgeted for an 8% improvement in distributions to 86,4c a linked unit for the current financial year, going against general expectations of flat distributions in the listed property sector.

But some PUT’s and PLS’s are starting to look cheap.

Companies are still not returning to Johannesburg’s city centre. However, many new tenants have taken up office space in recent months.

THE fast-growing property loan stock sector of the JSE Securities Exchange SA is to record another listing when Acucap Properties debuts with property assets worth R865m next week.

There aren't any easy bargains to be picked up along the way Two years ago you could have bought virtually any property share, property unit trust (PUT) or property loan stock (PLS) and made money.

LISTED property group Gold Edge and property loan stock company Octodec Investments announced yesterday the acquisition of Killarney Mall, a prime shopping centre north of Johannesburg, for R235m.

Property developers iProp and Sable Homes have teamed up for a residential development on 40ha overlooking Crown Mines golf course in the south of Johannesburg.

Supply is outstripping demand by an average of 60% and the situation will persist with lax planning, says researcher Property Editor OLD Mutual Properties MD Ian Watt has criticised property services company Rode for what he says is an over-optimist...