Private developers are playing an increasingly important role in growing the listed property sector as good quality commercial properties become scarcer.
The South African Listed Property Index is again set to be one of the top-performing sectors on the JSE, with total returns of 37,74% for the year to date
Metboard Properties reports a 22.6% rise in revenue to R233m and trading income up 21.4% to R181.6m for the year ended March 2005.
Investec Property Group has acted quickly to nip in the bud a case of alleged fraud at Metboard Properties, a listed fund it manages.
IndustrialL-focused listed property fund Metboard Properties has exceeded its own expectations, reporting a 2,8% rise in distributions to unitholders for the six months ended September 30 compared with the same period last year.
INDUSTRIAL property loan stock company Metboard Properties says the small increase in its distribution this year is due to an increase in fund expenses, as it implemented a market-related asset management fee for the first time.
eProperty News is a leading online commercial property marketplace serving the Southern African Investment, Office, Retail and Industrial property and allied sectors.