Signalling continued confidence in KZN property fundamentals, Growthpoint expands its South African logistics footprint with flagship development.
Growthpoint confirms leadership succession for Group Chief Executive Officer and Group Chief Financial Officer.
Growthpoint’s Canopy by Hilton Cape Town Longkloof development named overall winner at prestigious property awards.
The ongoing strengthening of property fundamentals, combined with rising demand and increased market activity, alongside declining interest rates, will position South African REITs for a strong growth trajectory heading into 2025.
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) 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.
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.
Real estate has long been a rewarding sector of the financial markets. Like all sectors, share prices and the underlying fundamentals of commercial property assets weakened in early 2020, as South Africa and the rest of the world came to grips with managing through the pandemic, with some sectors suffering more than others.
The SA REIT Association (SA REIT or the Association), the representative umbrella body for South Africa’s listed property sector is rolling out a repositioning strategy and additional capacity to support South African REITs adjust for long-term sustainability.
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