Shareholders in the UK's biggest mall owner, Intu Properties, have been rewarded on the capital growth front this year.

These rand hedge property counters‚ which receive 100% of their earnings in either US dollars‚ British pounds‚ euro or Australian dollars‚ were some of the JSE's biggest money-spinners over the past year.

Capital & Counties Properties may well have appeared fully priced after the stock had more than doubled in the previous two years, but it continues to defy gravity.

South African investors are likely to make more money in offshore property markets next year than in their own backyards.

Capco has been given the go-ahead for another project at its Covent Garden estate.

Five years ago, SA investors who wanted exposure to offshore property had only one JSE-listed option: the former Liberty International.

Liberty International says it has seen a much lower level of retailer failures in the first quarter of this year compared with the same period last year.

CEO David Fischel said yesterday the outstanding approvals in respect of the listing status in SA of both Capital Shopping Centres and Capital & Counties had been received and were satisfactory.

Liberty International says that following capital raising last month, it now had more fire power in financial resources to enable it to continue to invest in its existing prime assets.

Liberty International has placed up to 56.1 million new ordinary shares, representing 9.9% of the group's issued ordinary share capital.