Listed property loan stock group Spearhead reports an 18% increase in its headline earnings per unit to 2.43 rand for the year to end-June 2005.
JSE-listed property loan stock company Spearhead said yesterday that it had R500m worth of retail, industrial and office property development projects on the drawing board.
Spearhead Property Holdings said yesterday it had negotiated deals which would result in 25% of its shareholding being in black hands.
It is believed that most analysts prefer internal management structures because objectives are more aligned with unitholders' interests
Struggling Rondebosch-based property trust Paramount, a self proclaimed ‘new generation’ contender, is looking to crawl out of a low yielding mire with the help of banking conglomerate Absa.
Marriott's two property funds - the equity and income funds - are the two giants of the unit trust sector which invest in the listed property sector (not to be confused with the property unit trusts in the sector that hold property portfolios). They have been delivering what they promise - "high and growing income for retired investors", says Marriott's fact sheet.
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