Billed as the largest Real Estate 'private' IPO on the JSE, Hermans & Roman Properties Limited (“HRP”) is expected to list its linked units on the securities exchange operated by the JSE Limited (the “JSE”) on 11 May 2012

Commercial rental income falls 2,7% the decline attributed to the effect of property disposals, partly offset by a rise in tenant retentions to 93%.

Ben Kodisang, Managing Director of Old Mutual Property, will be moving from Old Mutual Property to the wider operations of Old Mutual Emerging Markets (OMEM) in order to pursue further career opportunities.

Old Mutual Property would raise the value of property assets under management by up to R9bn over the next five years.

Property analysts are not buying the reasons why Old Mutual Property decided to scrap the eagerly awaited listing of its R12bn Triangle Real Estate Core Fund

Old Mutual's decision to withdraw its planned listing of its R12bn Triangle Real Estate Core Fund had deprived investors of the chance to own some of SA’s premier retail assets, as well as the opportunity to significantly increase the listed property sector’s market capitalisation, analysts said last week.

Old Mutual Property has scrapped plans to list its fund on the JSE, opting rather to retain assets.

Old Mutual Property says that market conditions in the listed property sector have been favourable.

A Historic Johannesburg building, which has been left to decay for years, and fallen prey to vandals recently, will soon get a R19-million facelift.

Bain, the US private equity fund that is paying R25bn for listed retail giant Edcon, may have struck a snag with the landlords of the 1m m² of retail space that Edcon occupies in shopping centres.