Property Point, a ground breaking SMME development and upliftment initiative by JSE-listed property company Growthpoint Properties, moves into its second phase

Growthpoint Properties Limited’s coveted commercial property bursaries have enabled five talented young university students the opportunity to study towards a stimulating career in South Africa’s dynamic property industry

Growthpoint Properties Limited has disposed of two non-core buildings for a combined R261 million

JSE ALSI 40 listed company Growthpoint Properties Limited announced that its R500 million inaugural senior unsecured Commercial Paper (CP) issue has been well oversubscribed, with R1.5 billion of bids submitted

Growthpoint Properties Ltd now owns 76.2% of Growthpoint Properties Australia following the completion of this acquisition which is Growthpoint's first venture offshore and represents an investment of approximately R1.3 billion at current exchange rates.

Growthpoint CEO Norbert Sasse says the recession was starting to become evident in the number of listed property companies.

The company has announced that all resolutions for its proposed acquisition of a controlling interest in Australia's Orchard Industrial Property Fund have been approved.

The company has entered into a deal to acquire a controlling interest in Australia’s Orchard Industrial Property Fund for R1,3bn.

Growthpoint has an excellent risk diversification both geographically and sectorally.

SA listed property stocks have outperformed local equities despite the downturn in global financial markets.