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News
The growth of South Africa's listed property sector
The national economy in South Africa has shown dismal growth in the last couple of years compared to her developing counterparts in other parts of Africa; such as Ethiopia, Mozambique, Nigeria, Tanzania, and even Congo and Ghana. On the continent with the most potential for growth – even in these difficult economic times – it would be expected that South Africa lead the way, but this is not the case. However, there are a few sectors that are doing surprisingly well considering the broader context; one of which is the listed property sector.
May 22, 2013
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Redefine bids to acquire Fountainhead Property Trusts portfolio
It was reported recently that the Fountainhead Property Trust negotiations on the unsolicited offer from Redefine Properties to acquire all its property assets was complete “in all material respects”, but it had extended the deadline until February 22.
Feb 06, 2013
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"Undeposit" on some of Ash Brook's stock
The difficult economic environment that businesses have felt since 2008, has resulted in some of the big property funds reconsidering how to do business easier with our clients. We all know and understand how big deposits on a commercial property lease, or lease renewal, can really impact cash flow on your business. So, with that in mind, we've managed to negotiate smaller deposit requirements with some of our landlords on your behalf, subject to terms and conditions.
Jan 14, 2013
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Commercial Property Funds are Tops

Property funds have outperformed other unit trusts over the past three to five years, according to the Property Loan Stock Association of SA (PLSA). According to Morningstar, one of the leading providers of independent investment research, five of the top-performing unit trusts in SA over the last five years were property funds while, over the last three years, four of the five top performing units trusts were also property funds.

In both cases, a property fund was ranked in first place.

Norbert Sasse, PLSA Chairman and CEO of Growthpoint Properties said: "Apart from the three-year or five-year horizon, the listed property sector has outpaced the All Share Index for six straight months in a row to August."

Over five years, the top-performing unit trust was Prudential Enhanced SA Property Tracker Fund A with cumulative total returns of 121%. The three-year rankings show that Prudential Enhanced SA Property Tracker Fund A again takes the top spot, with cumulative total returns of 67%.

Stanlib Property Income Fund A came in a close second, over both periods, with cumulative returns of 119% and 64%, respectively.
The results showcase the consistently high performance of the listed property sector in both the long and short terms.

PLSA is the representative umbrella body of the property loan stock sector comprised of voluntary members, with the weight of nearly all of the funds within the sector behind it.