Latest results from Capital Property Fund, the JSE’s fourth-largest real estate counter, with a market cap of R17bn, underscore the extent to which cashstrapped SA businesses are cutting back on expansion plans.

Property unit trust Capital Property Fund reported on Wednesday a 6.32% increase in total distributions to 69.78c per unit for the year ended December 31.

Listed property loan stock Ascension Properties Limited have announced that its proposed acquisition of a R1 billion commercial property portfolio from Capital Property Fund is now unconditional.

The PLSA reports that for the last 12 months to the end of February 2012, SA Listed Property recorded the highest total return of any asset class at 21.75%

Thursday, 01 December 2011 02:00

Capital bond issue a success

Despite volatile market investors still keen, oversubscribed issue shows the market has an appetite for credit where property assets are high quality

Friday, 25 November 2011 02:00

Listed property streets ahead

The JSE’s R146bn listed property sector has posted another solid performance over the past 12 months, making more money for investors than general equities, cash or bonds.

Tuesday, 30 August 2011 02:00

Capital Property sells retail properties

Capital Property Fund has concluded an agreement with Fortress Income Fund and Resilient Property Income Fund for the disposal of a portfolio of retail properties.

Thursday, 18 August 2011 02:00

Still a solid bet

Capital director Andrew Teixeira says ideally about R1,4bn of properties needs to be added to the portfolio every year to refresh the portfolio and improve the gearing ratio from the current 25% to 30%

Wednesday, 03 August 2011 02:00

Capital to focus on new developments

Capital Property Fund says its merger with Pangbourne has allowed it to focus on new developments to grow and rejuvenate its portfolio.

Friday, 22 July 2011 02:00

Listed property still leading the pack

Property stocks could pip general equities at the post again this year, while the listed property index hit a new record high earlier this month after dipping 10% in the first quarter.

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