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Nick Riley to assume broader leadership role within Investec Bank Limited (“IBL”), with Andrew Wooler and Darryl Mayers taking over as joint CEOs of the Property Fund, effective 1 December

Share price of Investec Australia Property Fund rallies 6% over the past six weeks as the rand hedge property stock continues to deliver on its growth promises. 

Investec Property Fund, which listed on the JSE in April, is on the acquisition trail, announcing that it will buy retail complex Great North Road Plaza in Musina for R145m.

Property crashes, the exposure of dodgy deals and banks searching for a way to limit their losses.

Growthpoint Properties has announced that is has sold 2.3% of its linked units in issue to Phatsima Properties in a black economic empowerment deal

Growthpoint Properties Limited, South Africa’s largest JSE-listed property holding and investment company with property assets in excess of R15 billion, has announced that 2.3% of its linked units in issue will be acquired by black controlled and managed property investment holding company Phatsima Properties.

The Property Loan Stock Association (PLSA) will be hosting its first-ever management, REITs REALITY – towards a REIT environment in South Africa – on 16th and 17th August at the Sandton Convention centre.

Listed property loan stock company Growthpoint Properties' property portfolio vacancy rate of 4,8% could almost be regarded as an asset. Most of that rate is made up of office vacancies and, in a strengthening property market, Growthpoint can expect to reduce it even further.

The whole property sector was set to be catapulted into the big time with the expected takeover earlier this week of Primegro by Growthpoint, the Investec property loan stock company.