Wanted: quality properties to expand listed funds
With privately owned funds offering stiff competition for assets, many listed funds are turning to development option
Capital to bulk up by buying a R760m basket of property
LISTED property unit trust Capital Property Fund, chaired by businessman Cyril Ramaphosa, is to acquire a large bundle of properties worth R760m from four key players in the property industry.
Scope remains for large new property listings
Although some property commentators have expressed doubt about significant new listings coming to market in the next year, others have not ruled themout, saying there may be scope for one or two on the JSE Securities Exchange SA.
New listings in property unlikely
Demand for units will push up prices
Capital set for growth phase as Old Mutual reshapes management company
Old Mutual and Millennium Consolidated Investments to link to grow Capital Property Fund
Resilient buys into Capital Property Fund
Property loan stock company Resilient Property Income Fund has acquired a 25% stake in property unit trust Capital Property Fund as well as 25% of the fund's management company, Property Fund Managers.
Resilient buys mall in Tzaneen for R83,3m
PROPERTY loan stock company Resilient Property Income Fund has acquired a regional mall in Tzaneen for R83,3m and disposed of an office block for R35m.
Kagiso, NIB jump into dry property sector.
NEDCOR Investment Bank (NIB) and Kagiso Property Holdings have put together a R636m property fund called the Resilient Property Income Fund to be listed on the JSE Securities Exchange SA (JSE) next Friday.
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