Retail-focused Acucap and office-biased Sycom announce distribution growth of 5.9% and 4.4% respectively for the six months to September.

Vunani Property Investment Fund announce R117 million transaction

The DPW signs property leases on behalf of government departments, but has never before had a formal discussion with the property sector about issues of mutual interest. 

After two years of significant listing activity within the South African property sector, industry pundits expect another eventful year in terms of corporate activity among the new listings.

Answering the call to upskill South Africa, Redefine Properties is introducing four Business Administration Learnerships in 2013 for young, promising South Africans with their sights set on a career in the country’s exciting and growing listed property sector.

The Property Sector Charter Council is pleased to announce the recent gazetting of the Property Sector Charter as a Sector Code on Black Economic Empowerment in terms of Section 9(1) of the Broad Based Black Economic Empowerment Act (Act 53 of 2003).

The Property Sector Code applies to all businesses and organisations involved in commercial and residential property. Commercial property includes office, industrial, retail and leisure property as well as land zoned for commercial development. Residential property includes houses, community schemes and land zoned for residential development

Colliers SA Holdings has sold its loss-making noncore subsidiaries to its executives for R1,25m as it focuses on being a commercial property-focused company.

Moody's Investors Service has assigned long-term and short-term issuer ratings of Baa3 and Prime-3 to Redefine Properties, the second largest property fund on the JSE.

The internet may be key in helping the South African property market regain some of its lost confidence, says James Thorburn, MD of Property Auction Online.

For many investors, Growthpoint is a good proxy for the property sector. It is in the Alsi 40, with a R26bn market cap. It has a similar split to the overall property market, with 42% in offices, 36% in retail and 22% in industrial property. In the year to June, however, the increase in Growthpoint’s distribution (dividend) was below the listed property sector’s at 5,8%.