Pangbourne Properties’ turnaround strategy seems to have paid off well.

Listed property sector can expect a quiet year due to property price volatility.

Pangbourne Properties has announced formal offers for i Four Properties and Siyathenga Property Fund

Property fund Pangbourne may be interested in buying rival fund Siyathenga Property Fund

Merger and takeover activity in South Africa's listed property market is expected to hot up considerably over the next few months as dominant players vie more aggressively than ever for a slice of the JSE's R105bn real estate sector

Listed property loan stock company has announced a R184m empowerment deal for two broad-based empowerment consortiums to acquire altogether 15% of the company

Listed sister property companies Pangbourne Properties, iFour Properties, Siyathenga Property Fund and Monyetla Pro-perty Fund have created significant cost savings for themselves by concluding SA's first multiborrower, commercial mortgage-backed securitisation transaction.

SA's listed property funds are in a race for size that could leave the 26-fund, R94bn market cap sector with five or six giants and a few dwarves

Listed property company Monyetla Property Fund, formerly Calulo Property Fund, will issue new units to raise about R353m, which will be partly used to fund a property transaction with parent company Pangbourne Properties.

PANGBOURNE Properties said yesterday that it would list a specialist retail fund, Siyathenga Property Fund, on the JSE Securities Exchange SA.