Growthpoint deal preserves value
Listed property loan stock heavyweight Growthpoint, which is the largest property company on the JSE, has managed to conclude a significant empowerment deal with no dilution to existing unit-holders.
Director quits as trusts opt for change
LISTED property unit trusts Capital Property Fund and Centrecity Property Fund (Cenprop) announced yesterday that Mike Cullabine had resigned as a director of Property Fund Managers, the management company handling the two funds.
Growthpoint revenue rises 45% after acquisition run
Property loan stock company Growthpoint Properties, which is managed by the Investec Property Group, posted solid results for the 12 months to June 30 this year, attributing surges in revenue and net property income to a large acquisition drive.
Path of the future, but tread carefully.
The long-awaited listing of large numbers of property portfolios held by institutions has begun.
MEGAPROJECTS COMMENT
Big isn't always beautiful, as the past year's experience shows
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