Arrowhead Properties is a property loan stock company holding a diverse portfolio of around 100 properties throughout South Africa and has released its first set of interim results for the 6 months ending March 2012
The PLSA reports that for the last 12 months to the end of February 2012, SA Listed Property recorded the highest total return of any asset class at 21.75%
Funding via the bond market is considered as more transparent than conventional debt, with listed property funds accessing capital at more attractive rates
Arrowhead Properties, listed on the JSE in November, is to acquire a portfolio of office buildings from Growthpoint Properties for R167,6m based on a yield of 11%.
Growthpoint's total vacancy level aggregated across its well diversified SA portfolio reduced by 100bp to a healthy 4% over the six month period ending December 2011; getting such results does not come without cost
There are many facets that have to be considered and balanced when being the biggest internally managed listed fund in SA
Whilst the V&A is considered non-dilutionary to earnings, the site's future masterplan remains a work in progress with numerous key decisions still to be taken
Growthpoint posts a 6.1% rise in distribution per linked unit to 67.8c for the six months ended December 2011.
SA property brand Primegro is to be reborn and listed as a property loan stock company on the JSE in the second quarter of this year.
Grundfos currently occupying a Growthpoint Properties office and warehouse building in Bedfordview is expected to take occupation of its new facility which it also played a role in designing

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