Monday, 05 February 2007 02:00

Up for an expensive grab

Standard Bank has the key to winning control of Grayprop, the blue-chip property unit trust (PUT) - not through the 24% share in Grayprop's management company (manco),but via the pre-emptive right to buy Allan Gray's 76%, which has so far gone unnoticed.

Monday, 29 January 2007 02:00

Growthpoint buys Paramount

Growthpoint Properties has announces that it has secured 97.24% of Paramount linked units in issue through its friendly bid to purchase the smaller company

Wednesday, 13 December 2006 02:00

Growthpoint unveils BEE deal

Growthpoint Properties has announced that is has sold 2.3% of its linked units in issue to Phatsima Properties in a black economic empowerment deal

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.

Growthpoint Properties Limited has secured ownership of the entire Longbeach Mall in Noordhoek in the Western Cape after acquiring the additional 49,9% of this regional property asset for R138 million.

Thursday, 14 September 2006 02:00

Groups vie to build East London shopping centre

With three different property groups competing for the chance to build East London’s regional shopping centre, Buffalo City’s development planning department says it favours a site that is centrally located.

Growthpoint purchases Healthcare park from Investec for R 65m

Monday, 05 September 2005 02:00

Growthpoint sells stake to BEE consortium

Growthpoint Properties has agreed to sell 14.2% of its total linked units in issue to a consortium of black economic empowerment partners

Old Mutual Properties has offered to buy the entire business of Durban-based property group Marriott Holdings in a deal that could be worth up to R500m .

Thursday, 04 August 2005 02:00

Growthpoint to beef up industrial portfolio

Property loan stock company Growthpoint Properties will seek to double the industrial portion of its portfolio to about 15% by value as part of a R4bn acquisition programme, CEO Norbert Sasse said yesterday.

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