Norbert Sasse

Sorry Edcon, we will not reduce Rent, says Growthpoint Properties

After securing R2.7 billion, Edcon's request for rental reduction was met with a major obstacle at SA's largest landlord, Growthpoint Properties.

Cape Town calls for forensic probe into sale of prime land

Cape Town - Mayor Patricia De Lille has ordered a forensic investigation into an allegedly botched auction of a prime piece of land in the city, leading to a potential loss of millions in revenue.

Growthpoint pursues Healthcare Properties, boosts offshore exposure

Growthpoint Properties (JSE: GRT), is exploring new avenues of growth in keeping with the changing business landscape, while expanding its portfolio of core businesses domestically and internationally.

Growthpoint Properties jumps into Europe acquiring stake in Globalworth

Growthpoint Properties, the largest South African listed REIT, has considered Romania following the group's decision to acquire 26.9% stake in Globalworth Real Estate Investment Limited as its first foray into Europe.

Offshore Investments ups Growthpoint's distribution growth

GROWTHPOINT Properties' (JSE:GRT) exposure to rand hedge sister company, Growthpoint Properties Australia (GOZ) continues to pay off, as the fund recorded distribution growth of 6% for its full year to June 2016.

Not a rosy picture for Listed Property Sector

While development projects are under way in Gauteng, most of the big ones were concluded years ago and listed real estate funds are struggling to clinch sizeable deals domestically.

Downgrade likely but Property Funds taking steps to weather it

While National Treasury and parts of organized business try to avoid a sovereign credit ratings downgrade, South Africa's listed property sector has very much priced it in.

Growthpoint's diverse assets soften South African blows

Growthpoint Properties grew its distribution per share 6% in the six months to December as the company managed some challenging trading conditions.

Growthpoint Properties JV’s with Investec to pursue Real Estate in Africa

SA’s largest Reit, Growthpoint Properties today announced the launch of a pan-African real estate investment in several African markets outside of South African borders.

Growthpoint Properties eager for African Real Estate expansion

SA Commercial Prop News says South African property businesses will have to look to the rest of the continent if they want to achieve the right levels of growth.

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