In the first and largest development of its kind in Namibia, Windhoek will soon have its own mixed use precinct – with retail, residential, hotel, entertainment and offices all interlinking in a single vibrant location.

Madison Property Fund Managers have reported an interim distribution of 39 cents per linked unit for the period to 30 June 2008, representing an 8.3% increase from the prior interim distribution period

The question posed to two leading property companies was: can it be done and what is the key?

Listed property loan stock companies SA Reit and Redefine Income Fund will redevelop a Cape Town central business district (CBD) site to create a state-of-the-art 18-storey office block valued at more than R600m.

South Africa's largest JSE-listed property asset manager, Madison Property Fund Managers has achieved a total distribution of 76 cents per linked unit for the year ended 31 December 2007, 30% higher than the annualized maiden distribution of 39 cents for 2006

Listed Property in South Africa is finding its way on to the buying lists of leading international pension fund/asset managers now that the sector is starting to offer the size and liquidity required by offshore investors

Wednesday, 25 April 2007 02:00

Now for the next wave

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

Tuesday, 13 February 2007 02:00

Madison's new development team in place

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.

Monday, 05 February 2007 02:00

Funds with bad habits

Listed property fund managers are eagerly preparing to join the globalising trend of property that will bring more capital,greater liquidity and higher prices. But they're ignoring some bad habits that they will have to change before international investors rate them equal to Australian, American or European funds. 
Funds are devouring each other to crack the R15bn-plus market capitalisation that would attract big international investors. Their managers are debating how best to change their property unit trusts and property loan stock companies into real estate investment trusts (Reits) - the format that is understood throughout the world.

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.

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