Growthpoint owns 58 properties in Australia valued at R42.5bn through a 62.2% holding in ASX-listed Growthpoint All properties are 100% owned by Growthpoint on its balance sheet so Growthpoint’s owners have an interest in all of the properties Growthpoint owns. About Growthpoint Properties Ltd Growthpoint Properties Limited is a real estate trust in South Africa. All properties are 100% owned by Growthpoint on its balance sheet so Growthpoint’s owners have an interest in all of the properties Growthpoint owns. During the period, Growthpoint acquired a 51.1% controlling interest in UK shopping mall owner Capital & Regional, listed on the London Stock Exchange. Through its 29.4% investment in LSE AIM-listed, Globalworth Investment Holdings (GWI) it owns an interest in 61 properties in Romania and Poland, 100% of which is valued at EUR3bn,Growthpoint, which owns half of the V&A Waterfront, reported distributable income growth of 2.2% to R3.2bn, an increase in dividends per share of 0.2%, and a 14.9% increase in group property assets to R160.2bn.According to the results, arrears and bad debts increased notably, with total bad debt expenses in SA surging to R20.8m, from R4m in the prior comparative period.Enter your e-mail address below using Lowercase.Growthpoint owns and manages a diversified portfolio of 563 property assets including 441 properties across SA valued at R79.2bn and a 50% interest in the properties at The V&A Waterfront, Cape Town, valued at R9.7bn.Strains facing the commercial property industry left South Africa's largest listed REIT Growthpoint Properties [JSE: GRT] with a significant lettable vacancy in its office portfolio.During the period, the company invested R4.2bn internationally, and in SA it reported R1.5bn of investment with another R1.2bn of commitments.Group profit rose 3.6% to R4.3bn.Norbert Sasse, Group CEO of Growthpoint Properties, attributes the company’s increase in distributable income and asset value to its growth strategies, specifically internationalisation.At the end of the group's interim, Growthpoint's office vacancies jumped 11.5% due to SA’s weak economy.Growthpoint reaffirmed that its distribution per share growth for FY20, if any, is expected to be nominal.2019 was a year that presented very tough trading conditions compounded by low economic growth, socio economic challenges and failing State-owned Enterprises (SOE's). Owners of Growthpoint’s securities own both the real properties and the manager of those properties. Growthpoint Properties | 21,928 followers on LinkedIn | Growthpoint is the largest South African primary listed REIT and is well on its way to becoming a leading international property company. Growthpoint owns and manages 26 high-quality office properties, which represent 69% of Growthpoint’s total property portfolio by value. Growthpoint Properties' headquarters is located in Sandton, Gauteng, ZA 2196. Growthpoint Properties Australia Ltd (ASX:GOZ) is an owner and manager of investment properties. Growthpoint Properties Australia Level 31/35 Collins Street, Melbourne VIC 3000 Australia complaints@growthpoint.com.au. Almost all South African portfolio metrics weakened during the six months, with vacancies increasing to 7.4percent from 6.8percent.In the interim period, Growthpoint acquired 51.1percent of LSE-listed Reit, Capital & Regional, which owns seven retail properties in the UK valued at R14.8bn.South African “property fundamentals are likely to deteriorate further, worsened by Eskom uncertainty and increased cost pressure on utilities and rates and taxes. Growthpoint Properties owns, operates and manages retail, office and industrial properties. Growthpoint owns and manages a diversified portfolio of 563 property assets including 441 properties across SA valued at R79.2bn and a 50% interest in the properties at The V&A Waterfront, Cape Town, valued at R9.7bn. If you are not satisfied with the resolution of your complaint, you can contact AFCA via email, telephone phone, post or online:All Securityholders who held an investment in Growthpoint during the tax year will be sent an annual tax statement in August. Growthpoint owns and manages a diversified portfolio of 563 property assets including 441 properties across SA valued at R79.2bn and a 50% interest in the properties at The V&A Waterfront, Cape Town, valued at R9.7bn. Operating profit fell by 0.4percent to R4.08bn, compared to the comparative period.Investor Dave Hazelwood tweeted yesterday, citing Growthpoint: “This morning's property company results make for grim reading Vacancies up sharply. Though retail gets more attention, Growthpoint also owns and manages industrial and commercial properties … Complaints will be promptly acknowledged and dealt with efficiently in accordance with Growthpoint’s complaints handling procedures. Growthpoint Properties Limited is a real estate investment trust. The group holds 442 properties in South Africa valued at R79.2bn. It owns seven retail properties in the UK valued at R14.8 billion.Overall, its vacancies in SA increased from 6.8% to 7.4%, while vacancies in its Australian portfolio increased by a more modest 2.1%.About 35.2% of the group’s assets are offshore as of the end of December, from 30.3% at the end of June.Enter your e-mail address below using Lowercase.It also has a 62.2% interest in Growthpoint Properties Australia (GOZ) – which includes 58 properties valued at R42.5 billion.
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