The JSE's listed property sector which has been a sterling performer over the past few years has not managed to maintain its bullish momentum of the past few years of beating the broader all share index.

Property development and marketing company, Abacus Divisions, has announced that it has sold all the stands –totaling more than 123 000 square metres -at its recently launched Rietvlei Industrial Estate, raking in a total of R105 million.

Growth in the property market will come from smaller offices and sectional title offices

Abacus Divisions reports that, after a slow start to the year, it sold seven stands – worth R25 million – in the Irene area.

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