The South African listed property sector is growing in leaps and bounds, having increased its market capitalisation over the past 12 months from R122bn, with 18 counters, to R158bn, with 29 counters, as at the end of last month.

Global market uncertainty has impacted local capital markets and SA listed property was not immune to the volatility that arose from the nervousness.

When will SA Corporate begin delivering sector-average income growth again? That’s the million dollar question that long-suffering shareholders are no doubt pondering after another below par performance from the Old Mutual-managed property fund.

Construction would take 18 months and the development would see traffic diverted into three streams, one each for light vehicles, pedestrians and buses and trucks

Old Mutual's decision to withdraw its planned listing of its R12bn Triangle Real Estate Core Fund had deprived investors of the chance to own some of SA’s premier retail assets, as well as the opportunity to significantly increase the listed property sector’s market capitalisation, analysts said last week.

The historic ‘Nelson Mandela Building’ in the Johannesburg CBD, where Madiba served his legal articles, is set to go under the auctioneers hammer on 23 June

This week’s listing of R2,2bn to the real estate sector’s market cap, which is fast ap proaching R130bn, up from R100bn 18 months ago.

Property loan stock group Vividend says that it aims to grow its assets to the tune of R1.5bn by the end of August next year.

In a few years’ time Old Mutual will regret offloading its property portfolio.

A Historic Johannesburg building, which has been left to decay for years, and fallen prey to vandals recently, will soon get a R19-million facelift.