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

Growthpoint Properties Limited has secured R2 billion in additional debt facilities comprising an unsecured 5-year loan from Nedbank Corporate Property Finance – the largest unsecured facility to be granted to a South African property company

Reinforcing its strong growth trend JSE-listed Freestone Property Holdings posted a 22% increase in its distribution for the interim period to December 2006. The distribution growth yielded a total return for the interim period of 38%, exceeding the 30% total return of the SA Listed Property Index.

Raising the bar for commercial mortgage backed securitization (CMBS) in the listed property sector, Growthpoint Properties Limited is to issue R1,566 billion worth of notes on the Bond Exchange of South Africa, tomorrow (Friday, 10 November 2006).