Growpoint, the JSE's biggest property company with a market capitalisation of about R44bn, on Tuesday started a bidding war against Redefine, the JSE's second biggest weighing in at about R29bn, for Fountainhead Property Trust's R10.3bn portfolio.

When an individual invests money in listed property funds, there is an inherent sense of trust involved. To this end, the JSE has strict listing requirements in terms of how business is conducted, to protect both shareholders and purchasers.

Delta Property Fund has announced its intention to list on the JSE before the end of the year, bringing to the market a R2.1bn property portfolio.

Unitholders of Fountainhead Property Trust will soon have the final say on the offer by Redefine Properties to acquire its R11 billion property portfolio.

The purchase of two shopping centres by Synergy Income Fund Limited, in part through a R234 million loan from Nedbank, further underscores the bank’s commitment to the listed and retail property sectors.

Synergy Income Fund today reported its first condensed annual results, achieving distributions in line with its pre-listing projections and delivering 218% growth in its assets for the six-month trading period ended 30 June 2012

Bringing South Africa in line with international publicly traded real estate investments and creating greater investor certainty, SA National Treasury has tabled a unified approach to property investment schemes which analysts believe is set to create one of the most flexible regimes internationally.

Ascension Properties Limited, which was established in 2006 as a black owned and managed property loan stock company to invest in assets and opportunities within the commercial property sector in South Africa, will be focussing on government tenanted commercial office opportunities

For the six months ended 29 February 2012 and on a comparable recurring income basis, a total distribution growth of 6.6% on the prior period occurred

Company seeks listing in order to raise capital to pursue investment opportunities in order to help it grow to a R5 billion mixed commercial/industrial portfolio