South African listed property outperformed the JSE all-share index in June, for the fourth consecutive month, according to the Property Loan Stock Association.

Moody's Investors Service has assigned long-term and short-term issuer ratings of Baa3 and Prime-3 to Redefine Properties, the second largest property fund on the JSE.

Omnia Holdings said that the construction of its R1.4b Nitric Acid Complex in Sasolburg was well advanced, on budget, and expected completion in 2012.

Hyprop Investments’ R9bn acquisition of Attfund’s retail arm, will not only have positive spin offs for Hyprop shareholders but will also gain capital injection into AltX-listed MAS.

As at the 31st May 2011 the historic rolled income yield of SA listed property was 7.97%. The outlook for distribution growth over the next 12 months remains reasonable and the sector is likely to continue delivering real growth in income distributions

The purchase, in equal proportions, of South Africa’s landmark V&A Waterfront is now complete and all conditions have been fulfilled

This week’s listing of R2,2bn to the real estate sector’s market cap, which is fast ap proaching R130bn, up from R100bn 18 months ago.

Rebosis Property Fund announced that its private placement was oversubscribed, with the fund successfully placing 165 851 703 units for R1.6bn.

Old Mutual Property says that market conditions in the listed property sector have been favourable.

Cape property entrepreneur Stuart Chait has sold his interests in trendy Jo’burg work, live, play and shop precinct Melrose Arch to co-owner Amdec in a lucrative deal.