Growthpoint Properties Limited has secured ownership of the entire Longbeach Mall in Noordhoek in the Western Cape after acquiring the additional 49,9% of this regional property asset for R138 million.

IN A deal that values Paramount Property Fund at about R1,5bn, Growthpoint Properties, the largest listed property company on the JSE, has made a mandatory offer to acquire all the linked units in Paramount.

Hyprop Investments is pulling out of bidding for the Victoria & Alfred (V&A) Waterfront.

After a torrid three months, the listed property sector has bounced back, with some commentators saying it is a more attractive buy than fixed property.

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.