The listed property sector of the JSE continues to lure investors with higher than average returns. Classic Business Day speaks to Provest Fund Managers chief executive Angelique de Rauville, and Business Day property correspondent Nick Wilson about the emerging trend towards specialisation
Growthpoint Properties today announced its year-end results for the period ending June 2005 which show an increase in total distributions to 73,2 cents per linked unit this year, 6.1% higher than last year’s total distributions of 69 cents per linked unit which is in line with market expectations.
The exchange now requires external management companies that manage property funds be 'explicitly defined' as related parties
The winding-up of listed property group Shops for Africa (SFA) has been delayed as a result of delays in obtaining final income tax assessments and is now expected to be finalised by the end of 2005, when the final liquidation dividend will be paid, the company says.
The North Boiler House has finally crashed to the ground to make way for the new home of AngloGold Ashanti
The Allan Gray Property Fund (Grayprop) makes it into the Morgan Stanley Capital International Global Index (MSCI) - suggesting the South African listed property sector is a viable proposition for overseas investors. With Angelique de Rauville from Investec
JSE-listed property loan stock company Spearhead said yesterday that it had R500m worth of retail, industrial and office property development projects on the drawing board.

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