Tower Property Fund receives good investor support for its capital raise prior to the fund’s listing on the JSE today.
The South African listed property sector has stabilised after its unit prices plunged in value following the interest rate hike in the US
The South African Listed Property Index has come down 8% since May 12 as the property sector, along with other asset classes, weakened following higher interest rates in the US
Listed property loan stock company Resilient Property Income Fund's distributions surged 12,25% for the six months to June compared with the same period last year
Two of the three listed property funds that posted financial results last week reported increases in their distributions of more than 10%.
The South African listed property sector could experience modest capital growth in the next year if interest rates remain stable.

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