Hyprop Investments has disposed of office buildings in aggregate worth R93 million to a spread of parties, successfully furthering its core strategy of disposing of non-core commercial properties to focus on prime retail real estate.
Investors in the listed property sector can expect lower, more stable total returns of 13% in 2005 - says First South Securities property analyst Leon Allison
The past 18 months have seen a flurry of corporate activity in the listed property sector with property acquisitions, mergers and new listings invigorating the sector and commentators expecting this trend to continue in the medium term.
Listed property loan stock heavyweights Hyprop Investments and Redefine Income Fund are for the first time collaborating on a shopping centre development on the south coast of KwaZulu-Natal.
Listed property performed well in September with the SA Listed Property Index showing that the sector delivered total returns of 3,41%, said a report by Catalyst Securities
Listed property loan stock company Redefine Income Fund reported solid financial results yesterday, announcing a 7,56% increase in distributions to unitholders for the year ended August .
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.
Listed property loan stock heavyweight Hyprop Investments was the best performer of listed property groups in terms of returns to investors last month, says the latest overview by Catalyst Securities.

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