Growthpoint Properties

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Growthpoint Properties
JSE: GRT [1]
Industry Real estate investment [1]
Founded1987;38 years ago (1987)
Headquarters,
Area served
South Africa
Australia
Romania
Poland
Key people
Rhidwaan Gasant (Chairman)
Norbert Sasse (CEO) [2]
RevenueIncrease2.svg R14.4 billion (2024) [3]
Decrease2.svg R8.7 billion [3]
Decrease2.svg (R1.4 billion) [3]
Total assets Decrease2.svg R165.73 billion (2024) [3]
Total equity Decrease2.svg R68.27 billion (2024) [3]
Number of employees
600+ (2025) [4]
Divisions Growthpoint Australia
Lango
Globalworth
Website growthpoint.co.za
Part of the V&A Waterfront in Cape Town, a flagship property co-owned by Growthpoint and the South African Government Employees Pension Fund Victoria & Alfred Hotel, V&A Waterfront, Cape Town (01).jpg
Part of the V&A Waterfront 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. [4] [1]

Contents

Founded in 1987, Growthpoint is the largest real estate investment trust (REIT) listed on the JSE Limited (South Africa's main stock exchange). [5] It is also one of South Africa's largest companies by annual revenue, and part of the FTSE/JSE Top 40 Index. [6]

As of 2025, the company owns 388 properties (in various sectors) across South Africa, [7] and in 2024, it had combined property assets worth over R131 billion. [3] It also has property investments outside of its home country, including in Australia, Romania, and Poland. [7]

History

Growthpoint was founded in 1987, with an initial JSE listing of 17 properties. [4]

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. [8]

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. [9] It is the largest real estate investment trust (REIT) in South Africa. Growthpoint also provides property trading and development services. [7]

Among Growthpoint's property portfolio are: [7]

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. [6]

Growthpoint is headquartered in Sandton, and has regional offices in Cape Town and Durban. [10]

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. [11]

In 2023, the company reported having a workforce comprising 54% females, and 66.5% people of color. Growthpoint is a Level 1 BBBEE employer. [12]

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). [12]

Growthpoint is a founding member of the Green Building Council & Certification (GBCSA), and in mid-2025, had 127 green buildings in its portfolio. [4]

The company sponsors Squash SA, the South African national governing body of the sport of squash. [4]

Accolades

Growthpoint has received numerous awards for its properties over the years, including: [13]

References

  1. 1 2 3 Catchwords (16 May 2025). "Growthpoint's logistics portfolio is bolstered by completion of Arterial Industrial Estate, Cape Town". Bizcommunity.com. Retrieved 18 June 2025.
  2. "Growthpoint - Corporate Governance". Growthpoint. Retrieved 18 June 2025.
  3. 1 2 3 4 5 6 "Growthpoint - Group and Company Annual Financial Statements, 2024". Growthpoint. 2024. Retrieved 18 June 2025.
  4. 1 2 3 4 5 "Growthpoint - About Us". Growthpoint. Retrieved 18 June 2025.
  5. South African Official News (1 October 2024). "Growthpoint Properties Limited Publishes Annual Compliance Report". MSN. Retrieved 18 June 2025.
  6. 1 2 Tawanda Karombo (12 March 2025). "Growthpoint's interim results surge thanks to V&A Waterfront's performance". IOL. Retrieved 18 June 2025.
  7. 1 2 3 4 "Growthpoint - South African Portfolio". Growthpoint. Retrieved 18 June 2025.
  8. "Growthpoint - Investment Partners". Growthpoint. Retrieved 18 June 2025.
  9. "Growthpoint's SA Portfolio Stabilizes with Cape Town and KZN Assets Outperforming". Property Wheel. 12 March 2025. Retrieved 18 June 2025.
  10. "Growthpoint - Contact Us". Growthpoint. Retrieved 18 June 2025.
  11. "Growthpoint - ESG". Growthpoint. Retrieved 18 June 2025.
  12. 1 2 "Growthpoint - ESG Snapshot". Growthpoint. Retrieved 18 June 2025.
  13. "Growthpoint - Awards". Growthpoint. Retrieved 18 June 2025.