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Leading SA REIT Growthpoint Properties has commenced its multi-million Rand development of a new head office for Exxaro, one of the largest and foremost empowered South African-based diversified resources companies.

Growthpoint Properties is developing a bespoke new steel manufacturing and galvanising facility in Boksburg East, Ekurhuleni, Gauteng, for Maxishare, a leading supplier of steel welded mesh.

JSE-listed diversified real estate investment trust Redefine Properties (JSE: RDF) has successfully raised Euro 150 million through the launch of a five year exchangeable bond programme to be listed on the Frankfurt Stock Exchange, with the proceeds to be used in part settlement of the bridge facility used to fund its recent investment into Poland.

SA’s second-largest listed property group, Redefine Properties, is eyeing the European and Australian property markets from next year and plans to raise capital for acquisitions in these markets.

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