Growthpoint disposes of portion of property

Posted On Monday, 22 August 2005 02:00 Published by eProp Commercial Property News
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Growthpoint Properties says it has disposed of a significant portion of its listed property investment portfolio for a total consideration of R671 million

Norbert Sasse

 

 

 

 

 

The holdings disposed of include Acucap Properties Limited; ApexHi Properties Limited "A" units; ApexHi Properties Limited "B" units; Freestone Property Holdings Limited; iFour Properties Limited; Martprop Property Fund; SA Retail Properties Limited; Sycom Property Fund; and Hyprop Investments Limited. 

  
Growthpoint said the disposals would give the group additional capacity to continue expanding its physical property portfolio with geographically and sectorally diversified physical property assets, underscoring the group's objective of ensuring long term, sustainable, escalating income streams.

 

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