It's no secret that the Marriott group's 50% shareholder, Grindrod, has been unhappy with the performance of its property arm for some time - indeed, Grindrod CEO Ivan Clark said as much after the most recent results briefing.
JSE-listed property funds - managed portfolios of shopping centres, offices and industrial property - show no sign of peaking, as some analysts started warning over a year ago that they would. Their combined market capitalisation has doubled to R46-billion in five years, and should reach R50-billion this year.
Listed loan stock company will appoint an independent financial adviser to consult on an offer made by Hyprop to buy all of its linked units.
Listed property loan stock company's takeover bid for competitor SA Retail Properties is an attractive offer for unit holders.
Property loan stock company has unveiled a hostile takeover bid for competitor SA Retail Properties, saying it intended to acquire all the linked units in the company.
Property loan stock company Alpina Investment has announced the acquisition of the Orion property portfolio for R225m as it continues to look for properties that will generate more money.
Pangbourne has increased its distributions by 4,7% as a result of improved occupancies and increased rentals in the companies industrial property portfolio.
Property loan stock company will apply to the JSE to lift the suspension on trading for the company's linked units
Listed property's party is over and investors in the sector can expect lower, more stable, total returns of about 13% next year, says First South Securities.

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