Nedbank Corporate Property Finance is pleased to announce the appointment of Richard Thomas as Divisional Director Property Finance Cape and Anand Joseph as Divisional Director Property Finance KZN, effective 1 November 2007

Listed property unit trust SA Corporate Real Estate Fund has come a long way in terms of market position from its previous incarnation as Martprop Property Fund.

SA Corporate Real Estate, formerly Martprop Property Fund, said yesterday it increases its distributions for the five-months to 18% to 12c to December

The market can expect to see even more consolidation in the South African listed property sector this year, with bigger players acquiring smaller companies and friendly mergers between others.

Martprop Property Fund commenced trading on the JSE under the new name of SA Corporate Real Estate Fund from Monday, December 11.  The JSE share code will be SAC and the abbreviated name SA Corp.

Listed property unit trust Martprop Property Fund said yesterday it had acquired a Johannesburg value retail centre for R104m at an initial yield of 9,1%.

Wednesday, 04 October 2006 02:00

Martprop buys more in Gauteng

Listed property unit trust Martprop Fund said on Tuesday it had acquired both an office and an industrial property in Gauteng for a total outlay of R65,5m. 

Strong property fundamentals were continuing to boost retention of tenants with expiring leases in Martprop’s R2,6 billion portfolio, managing director Roger Perkin said today. “The firm demand for quality, well located assets has pegged vacancies in the portfolio at 1,5%,“ he said. “It is also underpinning retention of expiring leases at above 80%. “

Old Mutual Property Group, which owns 32% of listed property unit trust Martprop and also manages the fund, aimed to substantially increase the size of the fund over the next three years, said Martprop MD Roger Perkin.

The listed property sector is continuing to perform strongly, with the total return for the year at 16,9%, or an annualised 81%, at mid-March.

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