The successful debut this month of Liberty group’s R10bn shopping centre fund and Transcend Residential Property Fund brings the JSE’s tally of new real estate listings since April to seven. That’s on top of at least 10 new property listings in the prior 12-month period. And additional property listings are potentially in the offing, including a student housing fund and a few secondary listings from European-focused funds. Keillen Ndlovu, head of listed property funds at Stanlib, says, however, that new listings will have to become more compelling in their investment offering if they want to lure capital away from existing counters. "Listed property investors now have so much choice – 52 property stocks in total, including A and B units – that there’s not much room for new generic funds or similar themes in future."
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