Investec Property Group has acted quickly to nip in the bud a case of alleged fraud at Metboard Properties, a listed fund it manages.

Metboard Properties Limited’s market capitalisation has exceeded R1 billion for the first time resulting from the continued growth of the fund and the buoyant performance of the listed property sector.

Industrial-focused property loan stock company Metboard Properties has had a revival in fortunes.

Pretoria - Acquisitions worth about R300 million were under consideration by Metboard Properties and these were in line with its strategy to continue to grow the fund with well-located and tenanted properties, Jeffrey Sher, the company's fund manager, said yesterday.

Group expects revenues to rise 7%-8%

Investor interest in property unit trusts, loan stocks

GROWTHPOINT, an Investec Properties-managed fund, is expanding through a number of projects.