| | Growthpoint Properties
Location: Sandton, Johannesburg, Gauteng
Property Type: Investment Project
ZAR Price on Application
Contact: SA Investment +27(0)21 790 9900 |
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Growthpoint Properties is the largest listed property company in South Africa by market capitalisation and assets, valued at more than R17 billion and over R22 billion respectively. Our diversified portfolio comprises 419 retail, office and industrial properties of the highest quality, located country-wide.
We were registered as a public company on 12 October 1987, and listed under the Financial - real estate sector of the JSE Limited. Since then, through acquisitions and ongoing diversification, we have built up a sizeable portfolio, complemented by a team of property experts. At all times, our emphasis is on fulfilling our clients needs.
RETAIL PORTFOLIO
Despite expectations that retail sales growth should slow further, retail property developments have continued. Growth in retail space has been driven largely by demand from national retailers, who are committing to new centres in order to retain market share.
It is anticipated that high increases in building costs will place pressure on rentals for new space, resulting in a disparity between the rentals of existing and new retail space. As such, there will be upside potential to increase rentals when leases in existing centres come up for renewal.
OFFICE PORTFOLIO
Increased demand for offices has led to reduced vacancies. This demand and significant increases in building costs have resulted in new developments in well-located nodes achieving higher rentals than existing buildings. Consequently, there is an opportunity for the refurbishment of existing well-located buildings, the development of available bulk in the portfolio and the acquisition of developments.
INDUSTRIAL PORTFOLIO
While the industrial sector has been the star performer in the local property market, with superior returns, it has also faced challenges. A shortage of stock has resulted in an exponential escalation in rentals in KwaZulu Natal, the Eastern and Western Cape, and Gauteng. Infrastructure constraints, particularly electricity supply and road networks, are prohibitive factors in the establishment of new industrial areas.
Consequently, the investment market has been buoyant, with yields becoming more competitive, resulting in fewer acquisitions.
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