Property shares appear to be settling around 15% below their level of late last year, disconnecting from the recovery in the overall JSE

Growthpoint Properties Limited this week announced a distribution of 93,1 cents per linked unit (cplu) for its financial year ended 30 June 2007. The results show a 14.5% increase on the distribution of 81, 3 cplu achieved by the fund in its 2006 results

Mayor Helen Zille is 'very relieved' that construction of the 2010 World Cup Green Point project would go ahead

ApexHi has acquired three industrial properties from Investec for R245-million, bringing the total number of industrial properties purchased since 1 July 2006 to 10, valued at R327,5-million.

Private developers are playing an increasingly important role in growing the listed property sector as good quality commercial properties become scarcer.

Maponya Mall, has proven to be a major draw card for national retailers eager to claim a share of the estimated R4.3 billion Soweto consumer market, as determined by the City of Johannesburg.

The Allan Gray Property Fund (Grayprop) makes it into the Morgan Stanley Capital International Global Index (MSCI) - suggesting the South African listed property sector is a viable proposition for overseas investors. With Angelique de Rauville from Investec

The listed property index put in a bumper performance last year, outperforming the JSE Securities Exchange all share index, bonds and cash.

WHILE some of the better performing listed property loan-stock companies believe that there is room for a positive rerating, commentators say that this has already taken place and if there is another it will be small.

The whole property sector was set to be catapulted into the big time with the expected takeover earlier this week of Primegro by Growthpoint, the Investec property loan stock company.