The AMU Trust, Growthpoint Properties Limited's BEE shareholder has refinanced debt raised in 2005 to fund the acquisition of 100 million Growthpoint Properties linked units.

Growthpoint Properties Limited, South Africa’s largest JSE-listed property holding and investment company with property assets in excess of R15 billion, has announced that 2.3% of its linked units in issue will be acquired by black controlled and managed property investment holding company Phatsima Properties.

Growthpoint Properties has agreed to sell 14.2% of its total linked units in issue to a consortium of black economic empowerment partners