The AMU Trust, Growthpoint Properties Limited's BEE shareholder has refinanced debt raised in 2005 to fund the acquisition of 100 million Growthpoint Properties linked units.

Growthpoint Properties Limited, South Africa’s largest JSE-listed property holding and investment company with property assets in excess of R15 billion, has announced that 2.3% of its linked units in issue will be acquired by black controlled and managed property investment holding company Phatsima Properties.

Construction group's major shareholder has agreed to sell almost 52% of the group to a black consortium