Acquisitions, low rates boost performance

Wilson Bayly Holmes-Ovcon makes the contracting business look easy - until you look at the performance of its peers in the construction sector

A battle of words is raging between estate agents and auctioneers aboutthe relative merits of auctioning property versus conventional sales methods.

THE Gauteng government has vowed to clamp down on illegal squatters and "shack farmers" in a bid to slow the increase in the mushrooming of informal settlements in the province, it emerged at a briefing yesterday.

Les Weil, executive chairman of JHI Real Estate, says that listed property counters are competing vigorously to augment their investments

Vigourous competition for listed companies

Positive outlook

Pipes valued at more than R10-million and weighing over 1 500 t were recently manufactured by Group Five Pipe, in Meyerton, to fulfil a variety of contracts in Gauteng.

Growthpoint Properties Limited, South Africa’s largest listed property loan stock company in terms of total assets and market capitalisation announced yesterday that it had entered into agreements to acquire the bulk of the commercial property portfolio owned by the Lyons Corporate Lease Fund.

Octodec Investments Limited achieved a distribution of 29 cents per linked unit for the six-month period to 29 February 2004, an increase of 25% from the comparative period in 2003.