SA’s listed property sector continues to feed investor appetite, having raised about R153bn in the past six years. Stanlib’s head of listed property funds, Keillen Ndlovu, said his research showed that the sector had still grown strongly in 2016 despite a sluggish economy and a lack of merger and acquisition activity. As much as R32bn had been raised in new equity in the year to date. This was slightly down from R36bn in 2015. The year before saw R40bn raised. Included in 2016’s R32bn are the proceeds raised by Liberty group’s property listing, Liberty Two Degrees (L2D), earlier in December. "Liberty raised R3.8bn; R2.8bn that was raised through institutions and R1bn raised directly by Liberty through its clients or policyholders," Ndlovu said.
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