Commentators say move may boost confidence in SA and lead to increase in letting of office and industrial premises

 

The listed property sector is expected to benefit from anticipated stability in the interest rate environment, which should create growth prospects in distributable earnings.

 

If funds in the listed property unit trust and property loan stock sectorwant to be rated as a preferred stock by asset managers, they need to deliverdistributable earnings growth in the region of 5%.

Property loan stock company Resilient Property Income Fund has acquired a 25% stake in property unit trust Capital Property Fund as well as 25% of the fund's management company, Property Fund Managers.

Tuesday, 13 April 2004 02:00

Property fund Emira pumps up asset base

Emira announces purchase of three buildings for R 50m

Ambit Properties Limited announced today that it has taken transfer of all the properties in its portfolio.

In 2003 the Property Unit Trust and Property Loan Stock sectors generated a total pre-taxation return of 42.6%

 

Pretoria - The property unit trust and property unit trust sectors of the JSE Securities Exchange generated a pretax total return of 42.6 percent for the 12 months to December, according to an analysis by Provest, the wholly owned property asset management subsidiary of Investec Bank.

Monday, 10 November 2003 02:00

Grayprop results in line with forecast

 

ALLAN Gray Property Trust (Grayprop), the largest property unit trust with a market capitalisation of R2.9 billion, has declared distributions for the year ended September 30 2003 of 30.9 cents per unit, marginally up on last year, and in line with the forecast in its 2002 annual report.

Thursday, 06 November 2003 02:00

Exposure to retail sector benefits Provest

 

LISTED property asset management company Provest, which is part of Investec Bank, said yesterday that exposure to the retail sector had a positive effect on the earnings growth of property unit trusts.

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