Growthpoint Properties Limited announced 14,4% growth in distribution per linked unit for its financial year ended 30 June 2008, with both the company’s earnings and its distributions outperforming forecasts

Listed property loan stock company Growthpoint Properties had secured R2bn in additional debt facilities to help fund its R4bn development and acquisition pipeline, it said yesterday.

Exceeding budgeted expectations, South Africa’s largest JSE-listed property company declared a distribution of 51,1 cents per linked unit for the six month period to 31 December 2007, compared to the 45 cents per linked unit in the comparable period

Growthpoint Properties Limited this week announced a distribution of 93,1 cents per linked unit (cplu) for its financial year ended 30 June 2007. The results show a 14.5% increase on the distribution of 81, 3 cplu achieved by the fund in its 2006 results

Growthpoint Properties is to acquire the R500 million Woodmead Retail Park from Investec Property Group