Vunani Property Investment Fund (VPF) said on Tuesday its application for Real Estate Investment Trust (Reit) status had been approved by the JSE.

About R34bn has been wiped off the local listed property sector’s market capitalisation since the middle of last month, which, analysts say, will make many property deals less viable than before.

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. 

Repricing of the listed property sector will make it less attractive for unlisted real estate companies and developers to bring their shopping centres, offices and warehouses to the JSE.

THE potential merger of Acucap Properties and Sycom Property Fund, the portfolio of which is managed by Acucap, "makes commercial sense".

A new and exciting property fund, Tower Property Fund, is aiming to list on the Johannesburg Stock Exchange under the brand-new REIT structure, in July 2013.

Acucap reports a 6% growth in distribution of 156.22c for the six months ended March 2013

Thursday, 13 June 2013 12:23

JSE property funds adding to portfolios

Listed Property funds grow property portfolios in highly competitive market.

Sycom Property Fund reports a 5.8% rise in distribution to 90.6c for the six months ended March 2013.

Real Estate Investment Trust (REIT) regime is set to usher in a new era for the listed property sector by affording certain tax advantages to qualifying entities and providing certainty in respect of the tax treatment of property loan stock companies.

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