Brian Kirchmann, CEO of commercial property association Sapoa, says a record number of delegates have signed up for the annual convention at the Cape Town Convention Centre from May 12- 14.

WITH most listed property unit trusts and property loan stock firm s trading at a premium to net asset value, listed propert ies are now more expensive than direct property investments, says listed asset management firm Provest.

PROPERTY loan stock company Shops For Africa said yesterday that it would wind up its activities and delist this year.

Listed asset management company Provest, which is part of the Investec Property Group, has come out in support of listed property funds outsourcing its management to companies outside the listed entity.

In 2003 the Property Unit Trust and Property Loan Stock sectors generated a total pre-taxation return of 42.6%

Pretoria - The property unit trust and property unit trust sectors of the JSE Securities Exchange generated a pretax total return of 42.6 percent for the 12 months to December, according to an analysis by Provest, the wholly owned property asset management subsidiary of Investec Bank.

But an improving US growth rate could easily see an outflow of capital from the South African market

LISTED property asset management company Provest, which is part of Investec Bank, said yesterday that exposure to the retail sector had a positive effect on the earnings growth of property unit trusts.

Flexibility in raising money will allow Hyprop to buy Canal Walk entirely from borrowings

Property loan stock company Hyprop Investments was upbeat about its interim results for the six months ended June 30 2003 and declared a 2% rise in interim distribution to 65,10c.