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.

Friday, 03 September 2010 02:00

Bouncing off the bottom

 

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%.

Thursday, 12 August 2010 02:00

Listed property returns 'still good'

 

SOUTH African listed property was the second-best performing asset class last month, returning 6,68%, beaten only by equities, which recorded a total return of 8,05%, but the sector’s outlook for the year is still uncertain.

Wednesday, 30 June 2010 02:00

Vukile expecting trading improvement

 

Vukile Property Fund Limited expects to see only a slight improvement in its trading environment for the remainder of the 2010 year, despite signs of a recovery in the South African economy.

The South African property sector presents companies like Redefine with a scenario that is extremely favourable for yield enahncing deals

Growthpoint Properties Limited, the largest South African listed property company, today announced that it has achieved distribution growth of 10.2% for the 6 month interim period to 31 December 2008 when compared to the company’s prior interim period

Mr. J Templeton has been appointed as Chief Executive Officer/Executive Director on the board of Strategic Real Estate Managers (Proprietary) Limited

 

Over the past three years the South African listed property sector has grown in market capitalisation from R8.7 billion to almost R25 billion.

Monday, 02 February 2004 02:00

Leadership in property

We are drawing our consideration of the need for and the implementation of quality management systems within the property sector to a close.

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