SA property brand Primegro is to be reborn and listed as a property loan stock company on the JSE in the second quarter of this year.

Following Competition Tribunal approval of the take over this week, the empowerment deal will see CBS delist from the Johannesburg Stock Exchange and the formation of a new board

CBS Property Portfolio, which is enjoying a growth phase after listing on the JSE last November, has appointed well-known property player Richard Harman as an executive director.

Private developers are playing an increasingly important role in growing the listed property sector as good quality commercial properties become scarcer.

CBS Property Portfolio will embark on a strategic development alliance with Zenprop Property Holdings

Norbert Sasse was appointed CEO of Growthpoint Properties Limited today (Tuesday 24 August, 2004).

PROPERTY loan stock company Growthpoint Properties, the biggest fund in the listed property sector, announced yesterday it would be buying Investec Bank's head office buildings in Sandton and Cape Town

Growthpoint Properties has acquired the Investec Sandton head office at 100 Grayston Drive and Investec's Cape Town foreshore building, as well as the use of 580 parking bays at Merchant Place Parkade, for a total consideration of R975 million.

Listed property may be everybody's favourite JSE sector but, like a newly discovered celebrity without table manners, its corporate governance is generally an embarrassment

THE R1,2bn acquisition of the entire Richway portfolio has exposed property investment company Primegro to interest rates volatility, resulting in a stalled growth in earnings.