Green certified offices more defensive in pandemic property market.

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.

Growthpoint Properties (JSE: GRT) has concluded a deal with leading book publisher Penguin Random House to consolidate and relocate its offices and distribution centre to 3,657sqm of upgraded business space at Growthpoint Business Park in Midrand, Gauteng.

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.

Such is the consistent high demand for centrally located, well-priced residential property of calibre in the sought-after suburb of La Lucia just north of Durban, that a brand new nine-storey, 63-unit residential development.

Growthpoint Properties successfully closed its sizeable R4.3bn equity raise, which opened yesterday afternoon.

Building the way forward in South Africa’s commercial property market.

Growthpoint Properties Limited (JSE: GRT) delivered 5.4% growth in revenue and R5.5bn in distributable income for its full-year to 30 June 2020.

The Marina Residential Estate offers secure living in the heart of the city, and such is the allure of the lifestyle it offers, within walking distance of some of the best shops, restaurants and entertainment Cape Town has to offer, that six sales have been concluded worth R85.6 million in the estate for July (2020) alone.

Lakeside Mall, Benoni, has introduced two new anchor tenants in the form of Pick n Pay and Dis-Chem to its 130-strong retailer mix and concluded the final phase of a three-year, R135-million upgrade programme.