Growthpoint CEO Norbert Sasse says the recession was starting to become evident in the number of listed property companies.

Growthpoint Properties reported that its distribution per linked unit for the year ended June 2009 was at 114.6c, up 7.6% from the 106.5c reported last year.

SA’s listed property sector was the second-best-performing asset class last month with a total return of 7,84%, beaten only by equities, which posted a healthy 10,1%.

The company has announced that all resolutions for its proposed acquisition of a controlling interest in Australia's Orchard Industrial Property Fund have been approved.

Redifine Income Fund, ApexHi Properties and Madison Property Fund Managers have announced distributions to the end of last month, aligning all unitholders to the same period to pave the way for the proposed merger of the three companies.

The company has entered into a deal to acquire a controlling interest in Australia’s Orchard Industrial Property Fund for R1,3bn.

Growthpoint Properties has invested R94m in The Grove business estate at Somerset West in an effort to boost its presence in the Western Cape.

JSE-listed, Emira Property Fund, has become the latest of four well-established South African listed property funds to the join the Global Property Research 250 Index (GPR 250).

Growthpoint has an excellent risk diversification both geographically and sectorally.

Growthpoint Properties Limited, the largest South African listed property company, today announced that it has achieved distribution growth of 10.2% for the 6 month interim period to 31 December 2008 when compared to the company’s prior interim period