Growthpoint Properties Limited today posted distribution growth of 6% for its full year to 30 June 2016, delivering results at the top of its market guidance.

Things at the country’s largest REIT by gross assets are not looking up. Growthpoint ended 2015 on a soft note after lopping off a fortune in investors’ funds. Figures from Catalyst Fund Managers are dispiriting from an investor’s angle.

South African listed property once again ranked high among the country’s top companies earning the most for shareholders.

While the local commercial property finance market has been constrained by poor economic growth, rising operating costs and low business confidence in the first half of this year, it remains buoyant, continuing the strong trend seen over the past few years, according to Nedbank Corporate and Investment Banking (NCIB) managing executive of property finance Robin Lockhart-Ross.

Growthpoint Properties Limited today posted distribution growth of 7.5% for its full year to 30 June 2015, delivering results at the upper end of its market guidance.

The R420 million revamp and expansion of Vaal Mall, in Vanderbijlpark is well underway and will see it increase in size to 65,000sqm.

Sello Moloko is the Deputy Chairman of Sycom Property Fund Limited and the Group Chairman of Alexander Forbes Limited. Prior to this Moloko was the Chief Executive Officer of Old Mutual Asset Management and the Deputy Chief Executive Officer of Brait Asset Managers.

Paul Theodosiou is the Chief Executive Officer of Sycom Property Fund Limited. He is also the Managing Director of Acucap Properties Limited. 

Growthpoint Properties Limited today reported distribution growth of 7.5% for its six-month interim period to 31 December 2014, delivering performance at the top end of its market guidance.

Acucap shareholders vote to join Growthpoint.