The R110m expansion of Rustenburg's Waterfall Mall to 50,000m? is on schedule for the early phases to open by the end of the year.

Hyprop Investments now holds a 44.4% stake in rival property fund SA Retail Properties, following the acceptance by SA Retail unitholders of Hyprop's offer

Listed property loan stock heavyweight Growthpoint, which is the largest property company on the JSE, has managed to conclude a significant empowerment deal with no dilution to existing unit-holders.

Listed property loan stock company Growthpoint Properties' property portfolio vacancy rate of 4,8% could almost be regarded as an asset. Most of that rate is made up of office vacancies and, in a strengthening property market, Growthpoint can expect to reduce it even further.

Growthpoint Properties reports that total distributions for the year ended June have increased by 6.1% from 69 cents to 73.2 cents per linked unit

Growthpoint Properties today announced its year-end results for the period ending June 2005 which show an increase in total distributions to 73,2 cents per linked unit this year, 6.1% higher than last year’s total distributions of 69 cents per linked unit which is in line with market expectations.

Growthpoint Properties has agreed to sell 14.2% of its total linked units in issue to a consortium of black economic empowerment partners

Growthpoint Properties says it has disposed of a significant portion of its listed property investment portfolio for a total consideration of R671 million

Property loan stock company Growthpoint Properties will seek to double the industrial portion of its portfolio to about 15% by value as part of a R4bn acquisition programme, CEO Norbert Sasse said yesterday.

Lingings of specialised funds could occur later this year because of a lack of traditional properties, says Gerald Nelson, MD of Sycom Property Fund Managers.