The AMU Trust, Growthpoint Properties Limited's BEE shareholder has refinanced debt raised in 2005 to fund the acquisition of 100 million Growthpoint Properties linked units.
The JSE's largest property company Growthpoint is battling to digest the V&A Waterfront, which it swallowed in June as part of South Africa's biggest-ever property deal
Acccording to the Property Loan Stock Association of SA (PLSA), investors in property funds over the past three to five years picked winners
Listed property comfortably continues to outpace inflation and the JSE, but one risk factor lies in rising bond yields.
Listed property may well be beating general equities in the total return stakes for the year to date, but the August reporting season reveals a widening performance gap among the JSE’s 20-odd property counters.
Growthpoint Properties Limited delivered total return growth of 26.4% with growth of 8.1% in distributions to its investors for the financial year ended 30 June 2011
Growthpoint Properties continues to proceed with caution, despite improved distribution figures, in the midst of a continuingly uncertain economic environment.
South African listed property outperformed the JSE all-share index in June, for the fourth consecutive month, according to the Property Loan Stock Association.
Property Loan Stocks continue to pique the interest of both small and large investors, thanks to strong returns tracked in the short-term and even stronger results posted over the long-term.
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