Growthpoint Properties
{{Short description|South African property company}}
{{Use dmy dates|date=June 2025}}
{{Infobox company
| name = Growthpoint Properties
| logo = Growthpoint Properties Logo.svg
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| industry = Real estate investment
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| founded = {{start date and age|1987}}
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| hq_location_city = Sandton
| hq_location_country = South Africa
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| area_served = South Africa
Australia
Romania
Poland
| key_people = Rhidwaan Gasant (Chairman)
Norbert Sasse (CEO){{cite web|url= https://growthpoint.co.za/corporategovernance/ |title= Growthpoint - Corporate Governance |author= |publisher= Growthpoint |date= |access-date= 18 June 2025 }}
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| revenue = {{increase}} R14.4 billion (2024){{cite web|url= https://growthpoint.co.za/financialreporting/ |title= Growthpoint - Group and Company Annual Financial Statements, 2024 |author= |publisher= Growthpoint |date= 2024 |access-date= 18 June 2025 }}
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| operating_income = {{decrease}} R8.7 billion
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| net_income = {{decrease}} (R1.4 billion)
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| assets = {{decrease}} R165.73 billion (2024)
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| equity = {{decrease}} R68.27 billion (2024)
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| divisions = Growthpoint Australia
Lango
Globalworth
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| website = {{URL|https://growthpoint.co.za}}
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File:Victoria & Alfred Hotel, V&A Waterfront, Cape Town (01).jpg in Cape Town, a flagship property co-owned by Growthpoint and the South African Government Employees Pension Fund]]
Growthpoint (officially Growthpoint Properties) is a South African real estate investment company, based in Sandton.
Founded in 1987, Growthpoint is the largest real estate investment trust (REIT) listed on the JSE Limited (South Africa's main stock exchange).{{cite web|url= https://www.msn.com/en-xl/news/other/growthpoint-properties-limited-publishes-annual-compliance-report/ar-AA1GyEDA |title= Growthpoint Properties Limited Publishes Annual Compliance Report |author= South African Official News |publisher= MSN |date= 1 October 2024 |access-date= 18 June 2025 }} It is also one of South Africa's largest companies by annual revenue, and part of the FTSE/JSE Top 40 Index.{{cite web|url= https://iol.co.za/business-report/economy/2025-03-12-growthpoints-interim-results-surge-thanks-to-va-waterfronts-performance/ |title= Growthpoint's interim results surge thanks to V&A Waterfront's performance |author= Tawanda Karombo |publisher= IOL |date= 12 March 2025 |access-date= 18 June 2025 }}
As of 2025, the company owns 388 properties (in various sectors) across South Africa, and in 2024, it had combined property assets worth over R131 billion. It also has property investments outside of its home country, including in Australia, Romania, and Poland.{{cite web|url= https://growthpoint.co.za/investor-relations/south-african-portfolio/ |title= Growthpoint - South African Portfolio |author= |publisher= Growthpoint |date= |access-date= 18 June 2025 }}
History
Growthpoint was founded in 1987, with an initial JSE listing of 17 properties.{{cite web|url= https://growthpoint.co.za/about-us/ |title= Growthpoint - About Us |author= |publisher= Growthpoint |date= |access-date= 18 June 2025 }}
In 2014, Growthpoint Investment Partners launched 3 unlisted investments in specialist alternative real estate asset classes: African (excluding South African) income-producing commercial real estate; SA healthcare property; and SA student accommodation.{{cite web|url= https://growthpoint.co.za/investment-partners/ |title= Growthpoint - Investment Partners |author= |publisher= Growthpoint |date= |access-date= 18 June 2025 }}
Operations
As of 2025, Growthpoint owns 388 properties in South Africa, and has property investments in other countries outside SA. Its properties are in residential, office, retail, industrial, healthcare, and student accommodation sectors.{{cite web|url= https://propertywheel.co.za/2025/03/growthpoints-sa-portfolio-stabilizes-with-cape-town-and-kzn-assets-outperforming/ |title= Growthpoint’s SA Portfolio Stabilizes with Cape Town and KZN Assets Outperforming |author= |publisher= Property Wheel |date= 12 March 2025 |access-date= 18 June 2025 }} It is the largest real estate investment trust (REIT) in South Africa. Growthpoint also provides property trading and development services.
Among Growthpoint's property portfolio are:
- Retail: The V&A Waterfront, La Lucia Mall, Waterfall Mall, Bayside Mall, Festival Mall, Fourways Crossing, Gardens Shopping Center, Hillcrest Corner, Howard Center, Longbeach Mall, N1 City Mall, Paarl Mall, River Square, The Constantia Village, Vaal Mall, Village Square, Westville Mall.
- Industrial: Trade Park, African Products, Eagle Industrial Park, Route 24, Sterling Industrial Park, Gallagher Place, Growthpoint Industrial Estate, Impala Road, Independence Square, Route 41, Wadestone Industrial Park
- Offices: The Park on 16th, The Towers, The Place, 11 Adderley, 33 Bree & 30 Waterkant, Advocates Chambers, De Waterkant Center, Inanda Greens, Lincoln On The Lake, Menlyn Corner, Oxford Corner, River Park, Sandton Close, The Annex, The Boulevard uMhlanga, The District, Waterfall Park, Woodlands Office Park
- Healthcare: Gateway Private Hospital, Hillcrest Private Hospital, N1 Hospital, Paardevlei Hospital
- Student Residential: Kingsway Place, 33 Princess Of Wales, Richmond Central
The V&A Waterfront, co-owned by Growthpoint and the Government Employees Pension Fund, is Cape Town's most-visited tourist attraction. Featuring local entrepreneurs' art and crafts, luxury hotels, a large mall with international brands, the Two Oceans Aquarium, offices, coworking space, boat tours, and conference facilities, the precinct is a strong performer in the Growthpoint portfolio. In early 2025, Growthpoint reported income growth of 16.6% from the Waterfront.
Growthpoint is headquartered in Sandton, and has regional offices in Cape Town and Durban.{{cite web|url= https://growthpoint.co.za/contact-us/ |title= Growthpoint - Contact Us |author= |publisher= Growthpoint |date= |access-date= 18 June 2025 }}
Corporate social responsibility
Growthpoint has formally committed to the UN Global Compact and the Ten Principles. Its environmental, social, and governance (ESG) strategy integrates the Ten Principles of the UN Global Compact on human rights, labour, environment, and anti-corruption into its operations.{{cite web|url= https://growthpoint.co.za/esg/ |title= Growthpoint - ESG |author= |publisher= Growthpoint |date= |access-date= 18 June 2025 }}
In 2023, the company reported having a workforce comprising 54% females, and 66.5% people of color. Growthpoint is a Level 1 BBBEE employer.{{cite web|url= https://growthpoint.co.za/esg/ |title= Growthpoint - ESG Snapshot |author= |publisher= Growthpoint |date= |access-date= 18 June 2025 }}
In the same year, Growthpoint reported that it over R50 million into corporate social investment programs, which benefited 6,255 individuals. It also stated that it produced around 14,500 MwH of solar electricity, had a net zero goal for 2050, and had received 63 Green Building Certifications from 51 buildings (which amounted to 19.4% of the company's gross lettable area).
Growthpoint is a founding member of the Green Building Council & Certification (GBCSA), and in mid-2025, had 127 green buildings in its portfolio.
The company sponsors Squash SA, the South African national governing body of the sport of squash.
Accolades
Growthpoint has received numerous awards for its properties over the years, including:{{cite web|url= https://growthpoint.co.za/awards/ |title= Growthpoint - Awards |author= |publisher= Growthpoint |date= |access-date= 18 June 2025 }}
- 2017: GBCSA 10-Year Leadership & Best Quality Submission; SAPOA Overall Green & Special Commendation; IAS Financial Reporting
- 2018: SAPOA Office Design, Innovative Excellence, Presentation, Mixed-Use Development, Refurbishment, and Heritage
- 2019/2020: Well International Silver; CESA AON Engineering; Construction World Best Projects; GBCSA Green Star
- 2021: SAPOA Overall Winner, Sustainability, and Heritage
- 2022: SAPOA Interiors
- 2023: SAPOA Heritage and Student Accommodation
- 2024: SAPOA Student Accommodation; GBCSA Best Quality
References
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Category:Holding companies of South Africa
Category:Real estate companies of South Africa
Category:Companies based in Sandton
Category:Holding companies established in 1931
Category:Real estate companies established in 1987
Category:1987 establishments in South Africa
Category:Companies listed on the Johannesburg Stock Exchange