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Our Timeline

1987

12 OCTOBER

Incorporation as a public company.

27 NOVEMBER

Listing as public company under the “Financial real estate” sector of the JSE with 17 properties valued at R90.1m.

2001

AUGUST
Growthpoint had a market capitalisation of R30m and assets worth R120m.

SEPTEMBER

Mine Pension Funds (MPF) reverse their listed property assets into Growthpoint for the total purchase of R1.5bn.
2002

OCTOBER
Growthpoint acquired R650m worth of listed property stocks from MPF.

MAY

Growthpoint merged with Primegro Properties Limited ( Primegro ) by way of acquiring all Primegro’s assets to the value of R2.5bn.
2004

MARCH
Growthpoint acquired the Investec Bank Limited buildings in Sandton and Cape Town for R995m.
2005

JUNE
Acquisition of a portfolio of 48 office, industrial and retail properties and one hospital from Tresso Trading 119 (Pty) Ltd for a total of R1.16bn.

AUGUST
Growthpoint announces R900m BEE deal. Broad based BEE consortium acquires 14,2% shareholding in a non dilutive transaction.

NOVEMBER
First issue under R5bn CMBS
programme Growthpoint launches its R5bn securitisation programme with the largest issue to date in the property sector of R805m five year notes.
2006

FEBRUARY
Growthpoint announces another “first” for the property industry by securing a R500m seven year loan facility from Old Mutual Specialised Finance making substantial savings in the interest rates.

JUNE
Acquisitions of a further 23 office, industrial and retail properties from Tresso for a total of R1.4bn. Acquisition of R2.4bn industrial property fund, Metboard Properties Limited.

DECEMBER
BEE Partner (Phatisma ) acquires R22m Growthpoint linked units (R280m).
2007

JANUARY
Acquisition of R3.4bn Paramount portfolio.

JULY
Growthpoint acquires property asset management and property administration business of IPG.
2008

MAY
Launch of enterprise development initiative Property Point.

JUNE

Growthpoint acquires R3.4bn worth of properties during 2007/08 financial year, taking asset value to R27bn.

NOVEMBER

Inclusion in the EPRA/NA REIT
Emerging Market Index. Inclusion in the MSCI Emerging Market Index.

DECEMBER
Inclusion in the JSE Top 40 Index.
2010

DECEMBER
First issue of long term Corporate Bond R500m.
2011

JANUARY
Acquisition of 50% interest in the V&A Waterfront for 5bn.
2013

MAY
General capital raising of R2.52bn from local andforeign investors.

JULY

Real Estate Investment Trust (REIT) status granted by the JSE (previously Property Loan Stock). Linked unit capital structure converted to pure equity.


2014

JANUARY
Acquisition of 100% of the issued shares in Abseq Properties (Pty) Ltd, owning 17 properties for R360m.

MARCH
Acquisition of 100% of the issued shares in Tiber Property Group (Pty) Ltd, owning 38 properties.

APRIL

Acquisition, settled by issues of Growthpoint shares for an interest of 34.9% in Acucap Properties Limited and 31.5% in.
2015

APRIL
Acquisition of the remaining shares in Acucap and Sycom Property Fund Managers.
2016

DECEMBER
Acquired 26.9% of AIM listed Globalworth Real Estate Investments (GWI) for EUR 186.4m. Included in the FTSE4Good Emerging Index.
2017

JUNE
Growthpoint has a market capitalisation of R70.7bn and property assets worth R122.3bn. Establishment of R2.3bn Healthcare Fund. Four hospitals and one medical suite.Maiden income earned for the trading and development for third parties.

DECEMBER
Additional EUR113.8m invested in GWI taking ownership up to 29%. GWI expansion into Poland with the acquisition of 71.7% of GPRE.
2018

MARCH
Issue of USD425m five year Eurobond which was immediately swapped into
EUR351m at around 3.3%.

APRIL
USD212m of capital commitments secured for Growthpoint Investec Africa Properties (GIAP).

JUNE
Acquired 21.6% of GPRE for EUR150m.
2019

APRIL
Consolidation of GPRE into GWI and an additional EUR93m invested into GWI during 2019.

DECEMBER

Acquisition of USD500m of properties predominantly in Ghana , Nigeria and Zambia for GIAP. Acquisition of 51.1% of UK based, Retail REIT, Capital & Regional for GBP150m.