Cape Town - Paramount Property Fund (Paraprop) plans to grow its R906 million property portfolio again as the outlook for the property market for 2004 was reasonably good and the economy was well positioned for growth in line with the anticipated expansion of the global economy.
In the total quality management sense, the word "quality" defines meeting the needs of a client.
Suggestions that the listed property sector, the likes of property unit trusts and property loan stock, is coming off the boil, are premature says Rodney Luntz of property consultancy, Abro Luntz.
WHILE some of the better performing listed property loan-stock companies believe that there is room for a positive rerating, commentators say that this has already taken place and if there is another it will be small.
The whole property sector was set to be catapulted into the big time with the expected takeover earlier this week of Primegro by Growthpoint, the Investec property loan stock company.
Five Joburg landmarks, including the Kine Centre and the Trust Bank Building, went for a song mostly to emerging businesses in a whirlwind auction this week.
The listed property sector of the JSE Securities Exchange SA is set for a rerating which should narrow the yield gap between the sector and bonds, says portfolio manager of Coronation Fund Managers, Kirshni Totaram.
Wayne McCurrie is our regular Monday evening market commentator, but tonight we have him in a different role.
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