A new and exciting property fund, Tower Property Fund, is aiming to list on the Johannesburg Stock Exchange under the brand-new REIT structure, in July 2013.

Redefine Properties said on Friday it had received confirmation from the JSE that the bourse had found no breaches of its listing requirements in relation to the battle for Fountainhead Property Trust’s portfolio.

Listed Property funds grow property portfolios in highly competitive market.

Since listing on 11 June 2012, Ascension’s property assets have increased by R1,5 billion to R2,3 billion.

The volatility of the listed property sector over the past two weeks can be largely explained by movements in bond yields and the rand, and given the market’s close correlation to bonds, analysts say it may remain volatile in the short term.

Property stocks continued their slide on Friday, taking the FTSE/JSE SAPY index’s losses to 15% from the peak reached two weeks ago.

IFA Hotels & Resorts receives a firm intention from Kuwait-based KSCC

AltX-listed MAS Real Estate is starting to look a lot more interesting now that its market cap has reached R1bn.

In line with its growth strategy‚ Tsogo Sun has announced an investment of R900 million towards the group’s hotel expansion in Africa.

Rockcastle Global Real Estate Company, which on Wednesday released results for the 12 months to March 31, says it has identified a number of sites in three African countries for direct property investments.