Growthpoint Properties Limited today reported distribution growth of 8.3% for the full year to 30 June 2014, comfortably outperforming market guidance of around 7.2%.

Laurence Rapp has been appointed Chairman of the SA REIT Association, which is tasked with representing the South African listed REIT sector, one of the most active and innovative sectors on the JSE.

Growthpoint Properties today announced it has acquired a 34.9% stake in Acucap Properties and a 31.5% stake in Sycom Property Fund, in a substantial R4,66 billion transaction.

Growthpoint Properties is reaping the rewards of its enterprise development programme after celebrating the graduation of seven small businesses that provide services to the property industry.

Growthpoint Properties and the Public Investment Corporation, which bought Cape Town's Victoria & Alfred (V&A) Waterfront for R10bn in mid-2011, have plans to invest another R3bn-R4bn over the next three years to unlock the precinct's remaining 200,000m² development potential.

Growthpoint Properties Limited today reported distribution growth of 8% for the six-month interim period to 31 December 2013, outperforming original market guidance.

The Competition Commission gave Growthpoint Properties the green light to acquire the entire Tiber Group portfolio of properties and management business as at the end of January 2014.

Wednesday, 04 December 2013 13:28

Growthpoint and PIC put the V&A back on track

Growthpoint and PIC have injected more than R1bn into refurbishments and new developments in the two-and-a half years since they purchased V&A Waterfront.

Growthpoint Properties and Tiber Group today announced that Growthpoint will acquire the entire Tiber Group portfolio of properties and management business.

Growthpoint Properties today announced it will acquire Abseq Properties (Pty) Ltd, which owns and manages a portfolio of 17 high-quality office properties in northern Johannesburg and Woodmead.

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