Thursday, 12 July 2007 02:00

Vukile lists on Namibian Stock Exchange

Property loan stock Vukile made its debut on the Namibian Stock Exchange on Wednesday - with the code VKL - as part of its strategy to expand its property portfolio in that country.

Speaking at a ceremony to mark the occasion, chairman Anton Botha said the dual listing was a demonstration of Vukile's confidence in the prospects for the Namibian economy in general and its commercial property sector in particular.

Emira Property Fund, which recently acquired smaller property loan stock company, Freestone Property Holdings Ltd, has received Board approval to spend a total of R254m on new property developments and refurbishments to existing properties over the next nine months

The South African listed property sector has been experiencing some price volatility because of uncertainty about interest rate movements

Listed Property in South Africa is finding its way on to the buying lists of leading international pension fund/asset managers now that the sector is starting to offer the size and liquidity required by offshore investors

Thursday, 21 June 2007 02:00

Listed property firms fix rates

Listed property companies have fixed the interest rates on portions of their debt to mitigate this risk

In a tactical transaction which has already proven beneficial to its linked unitholders, Growthpoint Properties Limited fixed interest rates for a total of R1,3 billion of floating rate debt the week prior to Reserve Bank Governor Tito Mboweni's announcement of a 0,5% interest rate increase

Thursday, 14 June 2007 02:00

The Reit thing to do?

Investec Property Group is being showered with praise for moving its external management of Growthpoint into the listed property fund

Thursday, 07 June 2007 02:00

Listed property tempts private equity

Listed property companies run the same risk of takeover as listed non-property companies

Thursday, 31 May 2007 02:00

How low can yields go?

The South African listed property sector, which recently surpassed the R100bn market capitalisation threshold for the first time, could again double in size over the next two years as the much talked about foreign investment flow into local real estate stocks starts to materialise

A new national commercial property leasing business has emerged as a result of sector consolidation

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