Pretoria - A new property giant with assets of about R2 billion is due to be listed on the JSE Securities Exchange in mid-May.

BONATLA Property Holdings, which became a cash shell after selling its entire property portfolio to Momentum Property Investments and Ixia Trading 532, may not delist.

REACTION to the six-month results ending December 31, 2003 from Spearhead Property Holdings has been excellent and the company is now increasingly seen as being in the "category of real performers on the JSE Securities Exchange", says Mike Flax, CEO of Spearhead.

Over the past three years the South African listed property sector has grown in market capitalisation from R8.7 billion to almost R25 billion.

Pretoria - Unit holders in Shops For Africa, the listed property loan stock company, have approved the sale of the company's entire property portfolio to listed property company ApexHi for R415.3 million.

Murray & Roberts (M&R), the listed building, construction and engineering group, has placed China firmly on its radar screens.

Growthpoint Properties Limited, South Africa's largest listed property loan stock company, announced an interim distribution of 33,5 cents per linked unit for its six-month period ended 31 December 2003 representing a 4.7% increase in distribution over the comparable six-month period in 2002.

Listed property loan stock company SA Retail Properties has bought a 50% undivided share of Sanlam Centre in Pinetown from Sanlam for R95,4 million.

Could increase order book substantially

LISTED property group Growthpoint Properties, the largest property fund on the JSE Securities Exchange SA, yesterday reported a 4,7% increase in the interim distribution to 33,5c for each linked unit for the six months ended December 31 2003.