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Growthpoint Properties concludes R100m warehouse development
Growthpoint Properties Ltd and Grundfos South Africa have concluded a leasing deal where Growthpoint will develop a 10 000 m2 building in Meadowbrook, Germiston, custom designed to give Grundfos a 100% fit. Feb 03, 2012
Johannesburg Commercial Property Report : 2011 4th Quarter
Jones Lang La Salle has just released its Q4 2011 on the status of the commercial property market in Johannesburg. Office Market Despite the flat line economy seen during the last quarter of 2011, an improvement in office space rentals helped to secure minimal increases and reduced vacancies in the more prominent nodes in the Johannesburg office market. Feb 01, 2012
Office space vacancies reducing in Growthpoint’s portfolio
When Growthpoint successfully leased two prime office blocks in Cape Town recently, it’s vacancy footprint in that city moved below 5%. SAPOA’s statistics for the Cape Town CBD show that office space vacancies stand at 10.2% while the high demand nodes of Century City and the V&A Waterfront stand at 8.7% and 5.7% respectively. Jan 25, 2012
Commercial property sales boost Emira Property Fund by R260m
Since the beginning of its 2012 Financial year Emira property Fund (EMI) has raised in excess of R260m through the sale of eleven properties in its portfolio. Jan 25, 2012
Upmarket Katherine & West Office Development Selling Well
Almost 40% of the Katherine West Development in upmarket Sandton has been sold. With 4 of the 7 penthouses sold off plan and with another 10% of the total office space currently under negotiation, this development is set to become a landmark in prestigious office space. Jan 19, 2012
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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.
 

 

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