Construction and engineering group's share price slips 2,39% despite its announcement it expects earnings for the year to June to increase as much as 50%
Private developers are playing an increasingly important role in growing the listed property sector as good quality commercial properties become scarcer.
The listed shell of knitwear company Adonis is being restructured into a listed property company with R2bn worth of properties
Property loan stock Madison Property Fund Managers today listed on the JSE Limited, under the Real Estate Holdings and Development sub-sector. This is the first listing of a property asset management company in South Africa.
Property loan stock Madison Property Fund Managers lists under real estate holdings and development in the first JSE listing of a property asset management company in South Africa. With Madison executive director Wolf Cesman
The recent sell-off in South Africa's FTSE-JSE Listed Property Index (SAPY) presents a good opportunity for investors with long-term income needs to buy property stocks, and current holders of these stock holders should not be fearful, said Evan Robins, head of fixed income at BoE Private Clients.
The South African Listed Property Index has come down 8% since May 12 as the property sector, along with other asset classes, weakened following higher interest rates in the US
The listing of SA's largest property asset manager towards the end of this month is expected to spark further corporate activity in the listed property sector

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