The acquisitions are consistent with Rebosis' strategy of acquiring large high-quality and defensive commercial properties yielding secure capital and income returns for linked unitholders.

Linked unitholders are advised that Rebosis has concluded an agreement for the acquisition (“the Sunnypark acquisition”) of a letting enterprise in respect of and including a property known as the Sunnypark Shopping Centre (“Sunnypark” or “the property”) from the Centre of the Sun Properties (Proprietary) Limited (“the seller”).

South Africa’s listed property sector rallied 1.4% last week, after declining significantly in the last two weeks of October 2012. Much of the selling pressure was attributed to a single large foreign investor and last week’s price action suggests this has come to an end. 

Mike Rodel has stepped down as Director and Chief Operating Officer of the Company with effect from 1 February 2013 to pursue other interests.  

REBOSIS Property Fund announced an effective 12.1% increase in distributable earnings per linked unit for the year ended August 31, compared to the annualised distribution last year.

The South African listed property sector is growing in leaps and bounds, having increased its market capitalisation over the past 12 months from R122bn, with 18 counters, to R158bn, with 29 counters, as at the end of last month.

Rebosis Property Fund has concluded agreements for the acquisition of letting enterprises and properties from several vendors.

The company made its debut on the JSE in May, only interested quality assets that would enhance yields while growing its portfolio.

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.

The withdrawal of the listing of the Old Mutual Triangle Fund is described as 'somewhat disappointing' by Angelique De Rauville, the portfolio manager at Investec Asset Management.