Friday, 03 September 2010 02:00

Bouncing off the bottom

 

For many investors, Growthpoint is a good proxy for the property sector. It is in the Alsi 40, with a R26bn market cap. It has a similar split to the overall property market, with 42% in offices, 36% in retail and 22% in industrial property. In the year to June, however, the increase in Growthpoint’s distribution (dividend) was below the listed property sector’s at 5,8%.

Wednesday, 25 August 2010 02:00

Growthpoint posts 5.8% distribution growth

Growthpoint Properties Limited has exceeded its distribution forecast for the year ended 30 June 2010 achieving distribution growth of 5.8%

Vukile Property Fund has warned that increases in electricity prices and higher municipal rates would push tenants’ costs higher, which is likely to have a negative effect on rental affordability.

Property Point, a ground breaking SMME development and upliftment initiative by JSE-listed property company Growthpoint Properties, moves into its second phase

Growthpoint Properties Limited’s coveted commercial property bursaries have enabled five talented young university students the opportunity to study towards a stimulating career in South Africa’s dynamic property industry

Growthpoint Properties Limited has disposed of two non-core buildings for a combined R261 million

JSE ALSI 40 listed company Growthpoint Properties Limited announced that its R500 million inaugural senior unsecured Commercial Paper (CP) issue has been well oversubscribed, with R1.5 billion of bids submitted

Tuesday, 22 September 2009 02:00

Growthpoint now owns 76% of Growthpoint Oz

Growthpoint Properties Ltd now owns 76.2% of Growthpoint Properties Australia following the completion of this acquisition which is Growthpoint's first venture offshore and represents an investment of approximately R1.3 billion at current exchange rates.

Growthpoint CEO Norbert Sasse says the recession was starting to become evident in the number of listed property companies.

The company has announced that all resolutions for its proposed acquisition of a controlling interest in Australia's Orchard Industrial Property Fund have been approved.

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