DEMAND for first-time capital market funding among the JSE’s newer property listings has largely been put on hold since market conditions changed in May and June. 

Wednesday, 31 July 2013 13:13

Reits tipped to grow in leaps and bounds

THE South African listed property sector continues to grow in leaps and bounds, with four new property companies expected to list on the JSE before the end of this year.

Tower Property Fund was officially the first new fund in South Africa to list on the main board of the JSE under the Diversified REITs sector when it listed on 19 July 2013.

South Africa’s listed property sector continued to recover, with it gaining 3.1% during the week ended 19 July 2013. 

The Fund will offer a total of 48 503 939 new linked units ("rights offer units") to unitholders at a subscription price of 987.33 cents per rights offer unit 

Tower Property Fund makes its debut on the JSE‚ closing at R10 with 126‚120 shares trading.

Resilient Property Income Fund has claimed the overall Investment Property Databank (IPD) Direct Property Investment Award 2013, at the 11th Annual IPD South Africa Property Investment Conference today in Cape Town. 

THE historically close correlation between South African listed property sector yields and yields to maturity on long-term government bonds appeared to break down in June, according to Catalyst Fund Managers.

South Africa’s listed property sector declined by 3.4% during the week that ended on 5 July 2013 on the back of higher global bond yields, a weaker Rand and the unwind of June’s quarter-end window dressing. 

Tuesday, 02 July 2013 13:32

Listed property sector regains ground

South Africa’s listed property sector surged 8.2% during the week that ended on 28 June 2013, on the back of lower bond yields, a stronger Rand and some quarter-end window dressing.

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