Estienne de Klerk has been elected Chairman of the SA REIT Association, which represents the South African listed REIT (real estate investment trust) sector.

The company was created from the core of McCormick Property Development (MPD) – a company with over 35 years of experience in the development and management of rural retail centres.

Attacq, developers and managers of Waterfall City, today announced that’s its Iconic Gateway West building was well on track to being fully let and is currently at 70% occupancy.

Vukile Property Fund's CEO Laurence Rapp says the company has rebased its portfolio and that it will match the listed property sector's performance in the near future.

JSE's R249bn listed property sector delivers a muted 7.3% total return for the first 11 months of this year, some way off the 17.92% achieved by the All Share index over the same time.

Top JSE-listed construction companies Aveng and Murray & Roberts were removed from the JSE Top 40 index of blue chip companies.

ABSA Bank has acquired full control of the management company of listed property company Ambit Properties for an undisclosed amount

Old Mutual Property Group, which owns 32% of listed property unit trust Martprop and also manages the fund, aimed to substantially increase the size of the fund over the next three years, said Martprop MD Roger Perkin.

On the back of a strong run over the past three years, the listed property sector is expected to produce a total return of 16% over the next year - made up of 10% growth in distributions and 6% growth in capital.

SA's listed property index is set to continue to outperform cash and bonds over the medium-term, says Catalyst Securities' Annual Review.