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