CEO Anton Raubenheimer said yesterday Fountainhead’s strategy of owning big shopping centres, which were performing well in the recession, helped. The group, formerly called Grayprop, has a property portfolio that is valued at R7,6bn and includes interests in shopping centres such as Benmore and Centurion in Gauteng, and N1 City Mall, the Blue Route Mall and Kenilworth Centre in the Western Cape.

Growthpoint Properties' phenomenal expansion path continues. In 2001 it owned all of nine buildings worth R100m. Six years on it has 427 properties in its portfolio, worth a hefty R20bn.

Close to an investment crisis - that's the effect on the property sector of the Public Investment Corp 's (PIC) R2,3bn purchase of listed fund CBS.

The unit price of Madison Property Fund Managers, the first property asset management company to list on the JSE - in June last year - has increased about 60% since it first listed.

Listed property asset management company Madison has been tipped as the party that has approached Allan Gray about selling its controlling stake in the management company of listed property unit trust Allan Gray Property Trust (Grayprop).

Investment management firm Allan Gray has been approached about selling its controlling stake in the firm that manages property unit trust Grayprop, a statement to the stock exchange said.

The South African Listed Property Index has come down 8% since May 12 as the property sector, along with other asset classes, weakened following higher interest rates in the US

SA's listed property sector, which has been booming for more than three years, pulled back a little last month, posting a slightly negative total return of -0,79%, said Catalyst Fund Managers.

SA's listed property index recorded a total return of 7,27% last month, with the property loan stock and property unit trust sectors recording total returns of 7,22% and 7,13% respectively.

Die Suid-Afrikaanse genoteerde-eiendomsektor het vanjaar sy stewige lopie van die laaste paar jaar voortgesit en die fundamentele toestande in die eiendomsbedryf is in dié stadium die beste nóg.