Growthpoint Properties' phenomenal expansion path continues. In 2001 it owned all of nine buildings worth R100m. Six years on it has 427 properties in its portfolio, worth a hefty R20bn.
The South African listed property sector, which recently surpassed the R100bn market capitalisation threshold for the first time, could again double in size over the next two years as the much talked about foreign investment flow into local real estate stocks starts to materialise
Although property buying and development in SA remains the first choice for expansion-hungry listed property companies, there could also be opportunities in the rest of Africa — albeit with higher risk.
Close to an investment crisis - that's the effect on the property sector of the Public Investment Corp 's (PIC) R2,3bn purchase of listed fund CBS.
Although Finance Minister Trevor Manuel did not specifically include any property-friendly items in his budget speech last week, his scrapping of taxation on interest for pension funds is expected to be a major boost for the listed property sector.
Growthpoint Properties Limited, today reported a growth in distribution of 15,1% for its interim period for the six months ended on 31 December 2006.
Growthpoint Properties Limited, South Africa’s largest JSE-listed property holding and investment company with property assets in excess of R15 billion, today announced that it has successfully secured full ownership and complete control of Paramount Property Fund Limited.

eProperty News is a leading online commercial property marketplace serving the Southern African Investment, Office, Retail and Industrial property and allied sectors.