Private developers are playing an increasingly important role in growing the listed property sector as good quality commercial properties become scarcer.
The South African Listed Property Index has come down 8% since May 12 as the property sector, along with other asset classes, weakened following higher interest rates in the US
Al die planete lê reg vir 'n vuurwarm genoteerde eiendomsektor en ná jare van kaalvoet loop is die skoen nou vierkantig aan die eiendomseienaar se voet, sê mnr. Norbert Sasse, uitvoerende hoof van Growthpoint.
SA's listed property sector, which has been booming for more than three years, pulled back a little last month, posting a slightly negative total return of -0,79%, said Catalyst Fund Managers.
SA's listed property index recorded a total return of 7,27% last month, with the property loan stock and property unit trust sectors recording total returns of 7,22% and 7,13% respectively.
Listed Property Fund, until recently rather slow on the transformation front, are expected to step up black empowerment deal-making over the next few months to comply with the requirements of the Property Sector Transformation Charter signed last week by Government and industry players.
On the back of a strong run over the past three years, the listed property sector is expected to produce a total return of 16% over the next year - made up of 10% growth in distributions and 6% growth in capital.
SA's listed property index is set to continue to outperform cash and bonds over the medium-term, says Catalyst Securities' Annual Review.
Securitisation emerges as a trend in the listed property sector of the JSE in 2005. Classic Business Day gets Nick Job, head of debt capital markets at Investec Bank, on the line to explain exactly how it works
eProperty News is a leading online commercial property marketplace serving the Southern African Investment, Office, Retail and Industrial property and allied sectors.