Although some listed property companies have recently considered aggressively growing their portfolios through hostile takeover bids, such opportunities are limited in the medium term, property commentators say.
Leading property loan stock Hyprop Investments today announced its intention to acquire all of the linked units in listed property fund SA Retail Properties.
Listed property loan stock company Pangbourne Properties, which has been on the acquisition trail recently, said last week it would buy the Crescent Retail Centre in Umhlanga Rocks for R176,1m in cash.
Listed property company Bonatla Property Holdings says it plans to have its listing on the local exchange reinstated as soon as possible.
Property loan stock company Alpina Investment has announced the acquisition of the Orion property portfolio for R225m as it continues to look for properties that will generate more money.
Growthpoint Properties, the largest listed property fund on the JSE Securities Exchange SA, is set to further consolidate this position

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