South African law firm Fluxmans has signed a long lease with Growthpoint Properties (JSE: GRT) for a 4,600sqm office in Illovo Corner, Illovo Boulevard, Johannesburg.

Growthpoint Properties (JSE: GRT) will apply its cross-sector development expertise to the R200m residential conversion of its Riverwoods office park in St Andrews, Bedfordview, in joint venture with Setso Property Fund (49%) and in collaboration with BlackBrick Hotels.

Growthpoint Properties (JSE: GRT) excelled at the recent SAPOA (South African Property Owners Association) Property Development Awards for Innovative Excellence 2020, taking home six sensational honours, including overall winner, overall sustainability and heritage awards, and three category wins.

Growthpoint Properties (JSE: GRT) has commenced the development of Kent, its first greenfield sectional title residential development in KwaZulu-Natal.

Growthpoint Properties (JSE: GRT) is applying its development expertise to unlock sustainable value for La Lucia Mall, one of its core property assets in KwaZulu-Natal and a jewel in the crown of its retail property portfolio in the province.

Growthpoint Properties (JSE: GRT) has concluded a deal with leading book publisher Penguin Random House to consolidate and relocate its offices and distribution centre to 3,657sqm of upgraded business space at Growthpoint Business Park in Midrand, Gauteng.

A 11 000 sqm specialised surgical hospital development by Growthpoint Properties (JSE: GRT) and Cintocare has opened in Pretoria, Gauteng, to become the first 5-star rated green hospital in Africa, and only the fifth in the world with its specialised surgical mix and clinical business model.

Such is the consistent high demand for centrally located, well-priced residential property of calibre in the sought-after suburb of La Lucia just north of Durban, that a brand new nine-storey, 63-unit residential development.

Growthpoint Properties successfully closed its sizeable R4.3bn equity raise, which opened yesterday afternoon.

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