George Muchanya has been appointed Head of Growthpoint Investment Partners, the Growthpoint Properties (JSE: GRT) alternative real estate co-investment business, effective from 1 July 2022.
Growthpoint’s former Head of Corporate Finance, Muchanya holds a BSc Eng, MBA and is a graduate of the Corporate Finance Programme (London Business School) and PLD (Harvard Business School). An engineer by training, Muchanya’s career spans 25 years in engineering, investment banking and management consulting. Since joining Growthpoint in 2005, Muchanya has played a key role in implementing its strategic initiatives both offshore and in South Africa.
Growthpoint Investment Partners is a leading alternative real estate co-investment partner with R15bn of assets under management. It has a growing portfolio of niche, themed property co-investments to date that include South African healthcare properties in Growthpoint Healthcare REIT, income-generating African commercial properties (excl. RSA) in Lango Real Estate and South African purpose-built student accommodation in Growthpoint Student Accommodation REIT. These co-investments have positive, long-term socio-economic impacts, and are all subject to excellent governance and sustainability oversight frameworks.