Retail magnate Christo Wiese continues to back Texton Property Fund by underwriting a significant portion of a rights issue.

Texton Property Fund has plans to dramatically increase its offshore property exposure as it diversifies away from being a pure office play.

Some pundits believe South African listed property’s strong run over several years is set to be derailed by revaluations and a slow-growing economy.

Texton Property Fund announced that Rob Kane and Marelise de Lange have resigned as chief executive officer and financial director respectively of Texton Property Fund Limited.

Vunani Property Investment Fund announce R117 million transaction

Listed property prices have seen a rapid correction over the past two weeks, although analysts say this provides opportunities for both investors and companies themselves.

After several years of strong price growth in the listed property sector, most property pundits believe we can expect slower — albeit solid — growth this year from listed property stocks. Nevertheless there are still major opportunities for investors who want an investment that offers a steady income stream.

Oasis Group Holdings, the asset management group, has recommended to clients with Fountainhead units not to accept Redefine’s proposed acquisition of the property unit trust

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.

Friday, 22 July 2011 02:00

Listed property still leading the pack

Property stocks could pip general equities at the post again this year, while the listed property index hit a new record high earlier this month after dipping 10% in the first quarter.

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