Arrowhead Properties, listed on the JSE in November, is to acquire a portfolio of office buildings from Growthpoint Properties for R167,6m based on a yield of 11%.

The sale of property by larger funds has provided an opportunity for Arrowhead to assert itself in the sector according to Arrowhead CEO, Gerald Leissner.

Officially retired in June 2009, Gerald Leissner now plans to return to the SA listed property sector to run what could become the JSE’s sixth new real estate listing in 12 months, known as Arrowhead Properties