Interest rate sensitive securities like listed property were also sold off aggressively by investors who were worried that bond yields would rise further. 

Vunani Property Investment Fund (VPF) said on Tuesday its application for Real Estate Investment Trust (Reit) status had been approved by the JSE.

About R34bn has been wiped off the local listed property sector’s market capitalisation since the middle of last month, which, analysts say, will make many property deals less viable than before.

The DPW signs property leases on behalf of government departments, but has never before had a formal discussion with the property sector about issues of mutual interest. 

Repricing of the listed property sector will make it less attractive for unlisted real estate companies and developers to bring their shopping centres, offices and warehouses to the JSE.

THE potential merger of Acucap Properties and Sycom Property Fund, the portfolio of which is managed by Acucap, "makes commercial sense".

A new and exciting property fund, Tower Property Fund, is aiming to list on the Johannesburg Stock Exchange under the brand-new REIT structure, in July 2013.

Acucap reports a 6% growth in distribution of 156.22c for the six months ended March 2013

Thursday, 13 June 2013 12:23

JSE property funds adding to portfolios

Listed Property funds grow property portfolios in highly competitive market.

Sycom Property Fund reports a 5.8% rise in distribution to 90.6c for the six months ended March 2013.

Page 11 of 18

Most Popular

Impact of fuel price increase on commercial property

Jun 02, 2022
John Loos
It is well-known that the cumulative fuel price increase has added significantly to…

Fluxmans signs long lease with Growthpoint Properties for Illovo Corner offices

Jun 02, 2022
Illovo Corner
South African law firm Fluxmans has signed a long lease with Growthpoint Properties (JSE:…

Rebosis Property Fund bids farewell to Dr Anna Mokgokong, the founding independent non-executive director and chairperson

Jun 02, 2022
Dr.-Anna-Mokgokong
Rebosis Property Fund, a JSE listed real estate investment trust (REIT) with a…

Rebosis reports improved operational performance for six months to end February 2022; focus remains on portfolio optimisation

Jun 01, 2022
Otis Tshabalala Rebosis Property Fund
Rebosis Property Fund, a JSE listed real estate investment trust (REIT) with a…

Please publish modules in offcanvas position.