Victoria & Alfred Waterfront in Cape Town could be back in South African hands after the Public Investment Corporation confirmed yesterday it was in talks to buy it back.

Leading JSE listed property company Growthpoint Properties Limited [JSE: GRT] has raised R500 million in the first corporate bond to be issued by a South African listed property company

Growthpoint Properties has announced that it has recently entered into negotiations which, if successfully concluded, may have an impact on the price of its linked units.

Growthpoint Properties has led the pack in producing solid results and returns to investors in the latest reporting season in October and November.

Cape Town entrepreneurs are set to benefit from a new enterprise development initiative being launched to empower SMMEs (small, medium and micro enterprises) in the mother city by South Africa’s largest listed property company

In addition to being the best performing SA asset class year-to-date with total returns of 27.41%, up 29.90% over the past 12 months, listed property has once again excelled amongst South Africa’s top 100 companies

Emira Property Fund is continuing to invest in the Australian listed property sector, announcing that its investment in Growthpoint Properties Australia had increased.

Emira Property Fund has followed its R117m investment in Growthpoint Properties Australia (GOZ) made earlier this year with another R117m investment in the Australian-based real estate investment trust (REIT)

LEON Allison, research analyst at Macquarie First South Securities, said listed property has achieved an average total return of 20% per year for the past five years.

Growthpoint Properties has issued R200 million of 3-month senior unsecured commercial paper.