The Investec Property Fund announces solid maiden financial year-end results for the year ended 31 March 2012, boosted by strategic acquisitions and a strong focus on client retention

The Investec Property Fund announced solid maiden results for the six months to end September 2011

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.

Investec Property Fund has announced that it will relist on the JSE with effect from April 14.

Pretoria - The Competition Commission has recommended the approval, without conditions, of the proposed R2.47 billion merger between listed property loan stock companies Growthpoint and Primegro.

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.

Durban - Investec Property Group (IPG) yesterday announced the R2.5 billion merger of Growthpoint and Primegro, which would create the largest loan stock company on the JSE Securities Exchange.

GROWTHPOINT, an Investec Properties-managed fund, is expanding through a number of projects.

A transaction of R1,5-billion that will make Growthpoint properties the largest property loan stock company on the JSE Securities Exchange is expected to start a trend to convert direct ownership of property portfolios into property listings.