Growthpoint and PIC have injected more than R1bn into refurbishments and new developments in the two-and-a half years since they purchased V&A Waterfront.

Growthpoint Properties and Tiber Group today announced that Growthpoint will acquire the entire Tiber Group portfolio of properties and management business.

Growthpoint Properties today announced it will acquire Abseq Properties (Pty) Ltd, which owns and manages a portfolio of 17 high-quality office properties in northern Johannesburg and Woodmead.

Close relationship between the yields of nominal bonds and listed property is not entirely warranted given the equity attributes of listed property, some analysts say.

Growthpoint Properties Limited today reported distribution growth of 7.2% to investors for the year ended 30 June 2013, outperforming its original forecast and delivering on higher performance prospects announced at its half year.

Other listed property companies are expected to follow sector heavyweight Growthpoint Properties’ lead in converting its historically complicated capital structure to one of ordinary shares.

Growthpoint Properties has become the first SA REIT to introduce a new capital structure, converting from complex linked units to the straightforward ordinary share structure.

The new SA REIT Association, constituted in Sandton today, is tasked with representing the listed property REIT sector, one of South Africa’s most active and innovative sectors on the JSE.

Growthpoint Properties Limited this morning announced that it successfully closed its sizeable R2,5 billion equity raise, which opened yesterday afternoon. 

Growthpoint Properties Limited has been awarded two SAPOA Innovative Excellence Awards for Green Development and Industrial Property Development.