Listed property to achieve return of 15% in 2-3yrs

Posted On Thursday, 14 August 2008 02:00 Published by eProp Commercial Property News
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Listed and commercial property sector is expected to achieve 15% in total return in the next two to three years, with income growth seen at 7.5% over the same period, an investment consultant said today.

Dries du Toit

 

 

 

 

 

 

 

 

 

 

 

 

 

Speaking at the annual Rode conference on property in SA, independent investment consultant Dries du Toit said hopes of interest rate cuts as early as the second quarter of next year boded well for the listed property sector, which he said had fallen by more than 30% over the past six months.

He warned, however, that retail-focused property companies were expected to show a dismal performance over the period compared with the office, industrial and commercial sector.

Slowing consumer demand is forcing some retailers leasing space in shopping malls to close down, creating a large vacancy rate and eating into retail-focused property funds' balance sheets.

Last modified on Monday, 21 April 2014 12:06

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