Emira Property Fund reports that vacancies in its property portfolio dropped below 7% for the first time since 2008.

Investors may still be wary of exposure to government-tenanted buildings after a number of public works leasing scandals hit the headlines last year.

Although commercial property pundits do not expect a crash in the sector following the industry’s strong run‚ some form of a correction could occur given a bond market that is unlikely to strengthen further.

Synergy Income Fund Limited has announced that it will acquire Atlantis City Shopping Centre in the Western Cape for approximately R334 million.

South Africa’s listed property sector advanced 0.5% during the week ending 10 May 2013, as bond yields drifted higher and the Rand weakened against the US dollar. 

In order to facilitate Hyprop's conversion to a Real Estate Investment Trust (REIT), Hyprop's financial year-end will change from 31 December to 30 June, effective 30 June 2013.

IN A move to bring South Africa’s listed property sector in line with international standards, simplify tax handling and enhance governance, investors have been able to put money into real estate investment trusts (REITs) on the JSE since May 1.

Shares in Resilient gain 2.8% to R60.50 after it said it expected its distribution per linked unit for the six months ended June to rise 12%.

The listed property sector has returned 18.8% for the year-to-date, significantly outperforming both the bond and equity markets (week ended 3 May 2013). 

Delta Property Fund, a black-managed and substantially black-owned property fund with significant exposure to government tenanted offices, today reported its maiden annual results for the year ended 28 February 2012.