An excellent understanding of markets and consumers is vital for successful retail property investment, and this is true whether investing locally or abroad.
Things at the country’s largest REIT by gross assets are not looking up. Growthpoint ended 2015 on a soft note after lopping off a fortune in investors’ funds. Figures from Catalyst Fund Managers are dispiriting from an investor’s angle.
The weak economy, deteriorating exchange rate and tighter consumer credit will all put pressure on retail sales this holiday season says Stephan le Roux, Retail Sector Divisional Director at South Africa’s largest JSE-listed REIT, Growthpoint Properties.
The City of Cape Town, in partnership with Eskom and the South African Property Owners Association (SAPOA), launched Cape Town’s Energy Efficiency Forum (EEF) in 2009 to assist commercial buildings and operations in improving their energy efficiency.
Growthpoint Properties today announced it has signed agreements with Solar Century Africa and Eskom to install a utility scale solar power plant on the rooftop of its Waterfall Mall in Rustenburg.
Growthpoint's total vacancy level aggregated across its well diversified SA portfolio reduced by 100bp to a healthy 4% over the six month period ending December 2011; getting such results does not come without cost
After the economic shot in the arm provided by the 2010 World Cup, the retail sector in Africa’s largest economy is knuckling down to assess how to maintain, encourage, and identify untapped opportunities for retail growth in the months to come
Growthpoint Properties is to acquire the R500 million Woodmead Retail Park from Investec Property Group
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