Growthpoint Properties Limited delivered total return growth of 26.4% with growth of 8.1% in distributions to its investors for the financial year ended 30 June 2011

Growthpoint Properties continues to proceed with caution, despite improved distribution figures, in the midst of a continuingly uncertain economic environment.

Growthpoint has reported an 8.1% rise in distribution to 131.0c per linked unit for the year ended June 2011, compared with the previous corresponding period.

Old Mutual Property would raise the value of property assets under management by up to R9bn over the next five years.

Property analysts are not buying the reasons why Old Mutual Property decided to scrap the eagerly awaited listing of its R12bn Triangle Real Estate Core Fund

The withdrawal of the listing of the Old Mutual Triangle Fund is described as 'somewhat disappointing' by Angelique De Rauville, the portfolio manager at Investec Asset Management.

Fast and Furious and Ricoh South Africa have both set up operations at brand new premises, located in Growthpoint Industrial Estate, Meadowdale, Germiston

Property fund Growthpoint plans to raise about R1.5bn through the issue of new Growthpoint linked units.

Last year more money about R4,5bn was invested into real estate funds, than into equity R4bn unit trusts, there are now 22 real estate funds for just 19 shares in the sector.

Redefine is well positioned to access alternative unsecured funding markets such as corporate bonds cost effectively, following the announcement of the company’s credit rating assessment by Moody’s