Redefine Properties linked unitholders have approved the unbundling of Arrowhead Properties Limited units to Redefine linked unitholders.
Protech Khuthele Holdings advised that its headline earnings per share and earnings per share for the six months ended August 2011 would decline by between 35% - 40% and 50%- 55%.
Investec Property Fund, which listed on the JSE in April, is on the acquisition trail, announcing that it will buy retail complex Great North Road Plaza in Musina for R145m.
"The property’s sale shows that despite the continued volatility in the real estate market, good quality properties in prime nodes continue to experience high demand amongst investors", says John Hislop of Auction Alliance.
Warren Buffett said that if a business does well, the stock eventually follows. For JSE-listed companies Octodec Investments Limited and Premium Properties the stock is still looking good and that’s despite the news that founder Alec Wapnick stepped down last week
When will SA Corporate begin delivering sector-average income growth again? That’s the million dollar question that long-suffering shareholders are no doubt pondering after another below par performance from the Old Mutual-managed property fund.
Listed property was a beneficiary of August’s more benign interest rate expectations, with a 2.8% total return
By 2000 the last psychological blow fell. One could argue that most businesses that were going to leave inner city Joburg had done so by the mid 1990s.
Listed property comfortably continues to outpace inflation and the JSE, but one risk factor lies in rising bond yields.
Redefine has made its debut in the bond market with an issuance of R250 million 90 day commercial paper under its newly established R5 billion Domestic Medium Term Note Programme

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