Growthpoint Properties, the largest listed property company on the JSE, said on Friday its takeover bid for the smaller Cape Town-based Paramount Property Fund had been successful.

Listed property asset management company Madison has been tipped as the party that has approached Allan Gray about selling its controlling stake in the management company of listed property unit trust Allan Gray Property Trust (Grayprop).

Hyprop Investments and black-owned Vunani Properties have boosted the portfolio of Vunani Property Investment Fund by buying R67m in property

The Supreme Court on Friday 17th November sanctioned the Redefine Income Fund / Spearhead Property Holdings merger for which an overwhelming majority of the shareholders in both groups had already given their approval.  The merger is therefore now a fait accompli and Spearhead will delist from the JSE within the next week.

THE unit price of Madison Property Fund Managers, the first property asset management firm to list on the JSE’s real estate index in June, has recovered significantly over the past week after suffering a more than 20% drop since listing.

Linked unit-holders of Madison Property Fund Managers Limited, the first property asset manager in South Africa to be listed on the JSE Limited, are set to benefit from the transaction which should result from Redefine Income Fund Limited’s offer to Spearhead Property Holdings Limited unit-holders to acquire 100% of the Spearhead linked units in issue.

Turbulent times drive property fund manager's unit price down 20%

Property loan stock Madison Property Fund Managers today listed on the JSE Limited, under the Real Estate Holdings and Development sub-sector. This is the first listing of a property asset management company in South Africa.

Property loan stock Madison Property Fund Managers lists under real estate holdings and development in the first JSE listing of a property asset management company in South Africa. With Madison executive director Wolf Cesman

The linked-unit price of Madison Property Fund Managers, the first property asset management company to list on the JSE, performed moderately well after listing on the main board on Wednesday morning