Wednesday, 11 July 2001 03:01

Proposed Gravest-prop merger

 

A merger of Grayvest and Grayprop could result in a listed property fund with a market capitalisation of R2,2-billion, making it the JSE Securities Exchange SA's (JSE's) second-largest, following Liberty International.

Saturday, 01 January 2000 03:01

Positive sector activity

TWO events shook the listed property sector of the JSE Securities Exchange SA last week: the merger between Grayprop and Grayvest, and Primegro's acquisition of Richway's retail properties.

 

Choice between unit trust or loan stock could reshape property sector IF GRAYPROP and Grayvest merge they will have to choose whether to house the newly created entity either in a property loan stock company or a property unit trust.

Wednesday, 14 February 2001 03:01

Listed property investment

R4bn is promised in new property listings, but they face a strong value challenge from equity One thing to remember about professional investors is that they don't willingly part with assets when they view them as cheap. So a surge in listed property activity that could be worth about R4bn in new listings this year must be viewed with a jaundiced eye. 

Friday, 03 August 2001 03:01

Grayprop and Grayvest to merge

The operations of Allan Gray Property Trust (Grayprop) and Allan Gray Property Investments (Grayvest) are to be merged, it was announced on Friday.

Fund managers do not expect earnings growth; period of consolidation.

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