Listed property made investors rich last year, but is it 2005’s best buy, ask Adele Shevel and Chris Needham
Marriott Unit Trust Company has closed three of its unit trust funds that invest in listed property investments to new investments. Marriott says it is concerned that current yields in the listed property sector may be unrealistic and will not be sustainable within the next 12 months.
PROPERTY loan stock company Ambit Properties, a joint initiative of Absa Commercial Property Finance and Marriott Holdings, will list today on the JSE Securities Exchange SA.
Soon-to-be listed property loan stock company Ambit Properties, a joint initiative by Absa Commercial Property Finance and Marriott Holdings, has purchased phase one of Barrow Properties' Thornhill Office Park development in Midrand for R42m.
Pretoria - Ambit Properties, a joint initiative of Absa Commercial Property Finance and Marriott Holdings due to be listed on the JSE Securities Exchange next month, has a short- to medium-term objective of growing the value of its portfolio to more than R1 billion.
We have been promised a spate of property listings this year, and the first is upon us - and it's also the first new listing of the year of any kind
Pretoria - Ambit Properties, a joint initiative of Absa Commercial Property Finance and Marriott Holdings due to be listed next month on the JSE Securities Exchange, has acquired a portfolio of 34 local properties at a cost of R508.35 million.
Struggling Rondebosch-based property trust Paramount, a self proclaimed ‘new generation’ contender, is looking to crawl out of a low yielding mire with the help of banking conglomerate Absa.
Property unit trust funds are the hot sector right now. And as with anything hot, some cool-headed caution is needed. The possible danger could be summed up in this expansive observation by Barend Ritter, head of individual retirement products at Allan Gray
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