A new national commercial property leasing business has emerged as a result of sector consolidation

Octodec and Premium have over the past few years consistently managed to outperform other listed property loan stocks (PLSs) and property unit trusts (PUTs)

The strong up-tick in demand for listed property stock in recent months has surprised even the most bullish of industry commentators

Government-owned pension fund manager Public Investment Corporation (PIC) is expected to shake things up a tad in the listed property sector following its surprise takeover bid for Cape-based loan stock company CBS Property Portfolio

More South African listed property companies and funds are expected to branch out overseas in the future, following similar moves in that direction by a number of local property companies, say property market analysts.

Madison Property Fund Managers has declared a maiden distribution of 39.0 cents per linked unit, 16.5% higher than the forecast distribution of 33.47 cents

Listed property asset manager is expanding into the overseas property market and intends to acquire 50% of the management company of UK-based property fund CIREF

Madison Property Fund Managers today announced its excellent maiden results as a JSE-listed company with distributable income of 39 cents per linked unit for an eight month financial period to 31 December 2006. Distributable earnings of R74,1 million exceeded the forecast of R63,6 million by a noteworthy 16,5%.  This equates to a 47,8% total return to linked unitholders since listing on the Financial Real Estate – “Real Estate Holdings and Development Sub – Sector” of the JSE Limited on 7 June 2006.

It has taken only ten weeks to put together the new nine-person Madison Property Fund Managers development team, formed as a result of Madison taking over the former Spearhead Property Holdings development and leasing divisions in December 2006.

The unit price of Madison Property Fund Managers, the first property asset management company to list on the JSE - in June last year - has increased about 60% since it first listed.