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

Although investors climbed back into listed property in a big way last month - the index gained around 14% in July - industry players aren't expecting the sector to continue to deliver the same super returns seen over the past three years

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

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

Despite higher interest rates and global credit fears, 2007 is turning out to be yet another bumper year for listed property investors - both in terms of income and capital growth

The PLSA summarises the latest transactions in the sector

iFour Properties Limited today announced an increase of 8% in distributable earnings to 94 cents (2006: 87 cents) per linked unit for the financial year under review

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.

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.

Listed property loan stock company Calulo Property Fund has delivered below-par growth in distributions for the six months to December