Growthpoint Properties currently holds a 62% shareholding in Growthpoint Healthcare Property Holdings (GHPH), which has attracted keen market interest with over R1.25 billion raised from third-party investors to date.
The Healthcare REIT has seven healthcare assets, comprising six hospitals and one medical chambers building. These assets enjoy long leases and are considered long-standing landmarks in their communities. Three of the hospitals have consistently been on Discovery Health’s annual list of leading South African hospitals, as rated by their patients.
The Company continues to build a good pipeline of both development and non-development projects.
Distributions & Returns
GHPH distributes 100% of distributable earnings to investors in March and September each year. The Company has a target for gross ungeared total returns (income and capital) of between 13-16% per annum.