Growthpoint
Properties
Australia
Growthpoint Australia
Growthpoint entered the Australian market in 2009 taking advantage of the market dislocation, a result of the global financial crisis, which saw many Australian REITs over-geared and needing to be recapitalised. Today, Growthpoint Australia enjoys strong property fundamentals, a great liquidity position and excellent opportunities for growth.
GOZ at a Glance:
Listing: Australian Stock Exchange (ASX) share code: GOZ
Location: Majority on the Eastern Seaboard, Australia
Asset type: Office & Industrial
Share: 62,70% holding
Listing: Australian Stock Exchange (ASX) share code: GOZ
Location: Majority on the Eastern Seaboard, Australia
Asset type: Office & Industrial
Share: 62,70% holding
1 066 578 ㎡
GLA
59
Number of Properties
R60.5bn
Value of Properties
Geographic Split
41% Victoria 17% Queensland
14% New South Wales 13% South Australia
12% Western Australia 3% ACT
Highlights
- Conservatively geared
- Strong interest cover
- Low vacancy rates
- Double the average lease length in the SA environment
- Strong tenant base consisting of Australian Corporates and Government
