Growthpoint Properties Australia has acquired three modern office properties and a 100% pre-committed office development for a total consideration of AUD289.5m or around R2.4bn.

The JSE’s R146bn listed property sector has posted another solid performance over the past 12 months, making more money for investors than general equities, cash or bonds.

The AMU Trust, Growthpoint Properties Limited's BEE shareholder has refinanced debt raised in 2005 to fund the acquisition of 100 million Growthpoint Properties linked units.

The JSE's largest property company Growthpoint is battling to digest the V&A Waterfront, which it swallowed in June as part of South Africa's biggest-ever property deal

Growthpoint's Cape Town office portfolio vacancy rate is now less than five percent

Growthpoint Properties has signed a ten-year deal with the Protea Hotel Group to take over the hotel at Constantia Park in Johannesburg's upmarket Constantia Kloof basin.

Longer leases and a livelier market down under are attractive to SA investors

Acccording to the Property Loan Stock Association of SA (PLSA), investors in property funds over the past three to five years picked winners

Listed property was a beneficiary of August’s more benign interest rate expectations, with a 2.8% total return

Listed property may well be beating general equities in the total return stakes for the year to date, but the August reporting season reveals a widening performance gap among the JSE’s 20-odd property counters.