Growthpoint Properties

Name

Growthpoint Properties

Legal name

Growthpoint Properties Limited

Website

https://growthpoint.co.za

Company type

Public

Founded year

1987

Operating status

Operating

Headcount range

501–1,000 employees

Ownership category

akta.pro rank

Product category

Commercial Real Estate (REIT)

NAICS

Funds, Trusts, and Other Financial Vehicles (525), Other Investment Pools and Funds (5259), Other Financial Vehicles (52599), Portfolio Management and Investment Advice (523940)

SIC

Real Estate Investment Trusts (6798), Investors, Nec (6799), Operators Of Nonresidential Buildings (6512), Real Estate Dealers (For Their Own Account) (6532)

akta.pro primary industry

Real Estate Portfolio & Fund Management (Institutional/REIT/PE) (BPAJAMAJ)

akta.pro secondary industries

Real Assets — Operating Platforms & Direct Investments (FSAAAKAL), Specialty Real Assets / Niche Strategies (Marinas, Student Housing, Self-Storage, Life Science RE) (FSANAEAO), Real Estate Development Asset Management (Project/Construction-to-Stabilization) (BPAJAMAL), Real Estate Capital Markets Advisory (Debt/Equity Placement, Refinancing) (BPAJANAE)

Keywords

• Commercial real estate
• Property investment trust
• Office leasing
• Logistics properties
• Retail property management

Headquarters

HQ city

Johannesburg

HQ country

South Africa

HQ region

Africa

Offices5 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Personnel, Infrastructure, Supply Chain, Marketing or Sales, Technology or R&D

Revenue model

1. Property Rental Income: Primary revenue stream from leasing office, industrial and retail properties across South Africa and international investments. SA portfolio valued at R66.8bn with 309 properties; international investments include Growthpoint Australia (R47.2bn), Globalworth (R15.2bn stake), and Lango African platform.
2. Funds Management Fees: Revenue from Growthpoint Investment Partners managing R8.5bn assets under management including Growthpoint Healthcare Property Holdings (39.1% stake, R7.4bn) and Student Accommodation REIT (17.9% stake, R4.7bn).
3. Trading and Development Profits: Short-term active positions in assets traded for profit, including third-party developments and partner projects. Developments span office, industrial, retail, healthcare, student accommodation and residential sectors including Olympus Sandton and V&A Waterfront.
4. Capital Recycling Disposals: Disposal of non-core assets exceeding R3.5bn disposal target, including R721.7m in industrial manufacturing properties sold, reinvesting in sustainability-aligned properties (R205.8m) and strategic redevelopments.
5. V&A Waterfront Joint Venture: 50% stake in V&A Waterfront (valued at R14.1bn), one of Africa's most visited tourist destinations attracting 24 million visitors annually, generating diversified income from retail, office, industrial and hospitality tenants.

Pricing tiers

Go-to-market motion3 records

Distribution channels6 records

Marketing channels6 records

Core offering

Growthpoint Properties owns, leases, manages and develops a diversified portfolio of commercial real estate assets, including 145 office properties, 133 logistics and industrial properties, 31 retail centres, and a 50% stake in the V&A Waterfront mixed-use precinct. The company also operates specialised investment vehicles covering healthcare and student accommodation REITs, and holds international investments in Australia, Poland, Romania and other African markets, generating revenue primarily from rental income, funds management fees, and trading/development profits.

Product overview

Growthpoint Properties is South Africa's largest REIT, operating as a diversified international property company with assets in South Africa, Australia, Poland, Romania, and rest of Africa. The company manages a portfolio of 468 property assets valued at R157.5bn across three core property types: Office (145 properties, R27.8bn), Logistics & Industrial (133 properties, R12.7bn), and Retail (31 properties, R26.1bn). The company also holds 50% of the iconic V&A Waterfront development (R14.1bn) and operates specialized investment vehicles including the Healthcare REIT (39.1% stake, R7.4bn assets) and Student Accommodation REIT (20.9% stake, R4.7bn assets). International investments include Growthpoint Australia (63.6% stake, 50 properties) and Globalworth (29.6% stake, 57 properties in Poland/Romania). Tenant-facing services include e-CO2 renewable energy wheeling, Smartmove rental incentives, Undeposit deposit alternatives, SmartShare referral programmes, and Workagility flexible workspaces. The company operates 12 net-zero carbon certified buildings targeting 20 by 2028, with 61.7 MWp of solar PV installed and 195 GWh/year renewable energy agreements through power purchase agreements.

Differentiator

Problem solved

Functional benefit

Brands

• e-co2: Renewable electricity wheeling solution providing clean energy to office buildings
• Smartmove
• Undeposit
• SmartShare
• Workagility
• Healthcare REIT
• Thrive Student Accommodation REIT

Products and services

• Office Properties Portfolio of 145 office properties in major metropolitan areas of South Africa providing commercial office space to corporate tenants with green building certifications.
• Logistics and Industrial Properties 133 industrial properties with 1,618,173m² GLA offering warehousing, logistics, manufacturing and workshop facilities in prime logistics nodes across South Africa.
• Retail Properties 31 retail centres with 1,039,015m² GLA from community centres to regional malls situated in prime locations across five South African provinces.
• V&A Waterfront Iconic 123-hectare mixed-use development in Cape Town attracting 24 million visitors annually, including retail, dining, leisure, entertainment, corporate offices, hotels and marine industrial space. Growthpoint holds 50% stake valued at R14.1bn.
• e-CO2 Renewable Energy Wheeling Renewable energy solution enabling tenants to claim 70-100% of their electricity from renewable sources at fixed escalations, using power purchase agreements with Etana Energy and blockchain-tracked RECs for ESG reporting.
• Smartmove Tenant Incentive Program Tenant incentive programme offering up to 100% of first year's rental back in benefits (SmartFit tenant installation allowance and SmartRent rent-free period) for companies signing 5-year office leases, or 60% for 3-year leases.
• Undeposit Alternative to traditional security deposits allowing tenants to pay a once-off non-refundable fee for the lease period, available for SmartMove and SmartStay leases, with fee varying by risk profile and qualifying criteria.
• SmartShare Referral Program Referral incentive programme rewarding employees with up to 3 months' rent-free on existing office leases and up to R75,000 in cash for successful office tenant referrals.
• Workagility Flexible Workspace Flexible workspace solution providing tenants with flexible, solid and convenient office workspace options for varying business needs.
• Growthpoint Healthcare REIT South Africa's first unlisted REIT focused exclusively on healthcare real estate with 9 assets (7 hospitals, medical chambers and pharmaceutical warehousing) valued at R7.4bn. Growthpoint holds 39.1% stake.
• Growthpoint Student Accommodation REIT (Thrive Student Living) South Africa's first unlisted purpose-built student accommodation REIT branded as Thrive Student Living, with 16 properties and 10,280 beds near universities in Johannesburg, Pretoria, Cape Town and KwaZulu-Natal. Growthpoint holds 20.9% stake.
• Growthpoint Australia (GOZ) Australian REIT (ASX: GOZ) with 50 office and industrial properties on Australia's eastern seaboard totaling 976,365m² GLA valued at R47.2bn. Growthpoint holds 63.6% stake.
• Globalworth Real Estate Investments (GWI) Eastern European REIT (LSE: GWI) with 57 A and P-grade office buildings (1,058,107m² GLA) in Poland and Romania valued at R15.2bn (Growthpoint share). Growthpoint holds 29.6% stake.
• Lango Pan-African Real Estate Platform

Quantifiable outcome

• Green-certified Prime- and A-grade offices delivered 6.98% annualized total return over decade, outperforming non-certified by 172 basis points
• +4 more outcomes

Named customers6 records

Segments7 records

Ideal customer profiles6 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration1 record

Feature4 records

Partnerships

Six partnerships are on record, tiered core and minor.

• Etana EnergycoreStrategic or Co-development Partner · 1 January 2023Long-term power purchase agreement with green energy supplier Etana Energy signed in 2023 to wheel approximately 195 GWh/year of renewable electricity to selected Growthpoint properties. First energy expected from Lesotho Highlands hydroelectric plant from September 2025, with wind and solar from Etana's portfolio added 2026-2028.
• City of Cape TowncoreStrategic or Co-development PartnerPartnership with City of Cape Town to implement South Africa's first pooled renewable electricity wheeling model across multiple buildings connected to a municipal grid, with power from Boston Hydroelectric Plant in Free State. Five Growthpoint buildings currently supplied with 30+ properties lined up for next phase.
• Fuel SwitchcoreTechnology or IntegrationBlockchain-based platform partnership for issuing, tracking and verifying Renewable Energy Certificates (RECs). Platform integrates with local (zaRECs) and international (I-RECs) certification standards, handling over 10,000 transactions per second. Provides full visibility for ESG reporting and voluntary carbon market trading.
• Feenstra GroupcoreStrategic or Co-development PartnerProperty manager for Student Accommodation REIT (Thrive Student Living) with 7% holding. Feenstra Group majority-controlled company manages 16 properties with 10,280 beds across South Africa.
• Water Security Africa ParticipantsminorStrategic or Co-development PartnerGrowthpoint Properties speaker at Water Security Africa 2026 (co-located with Enlit Africa) sharing water reduction case studies including closed-loop systems, water reuse and recycling. Participants include Virgin Group UK, Heineken, Harmony Gold, Mediclinic.
• Stellenbosch University / Institute of OrthopaedicsminorStrategic or Co-development PartnerGrowthpoint Greenovate Awards sponsorship recognizing engineering student innovation including Sustainability in Action Award winner Hannah Counihan for research on extreme rainfall patterns in Western Cape.

Scale indicators30 records

Recent moves13 records

Expansion highlights6 records

Broad incumbents

• CapitaLand Investment: Asia-Pacific focused asset manager and REIT operator with diversified exposure across multiple countries. Comparable for Growthpoint Investment Partners' third-party funds management model and pan-regional strategy.
• British Land: UK-listed REIT focused on prime office and retail campuses. Comparable as a large established REIT with sustainability leadership and campus/mixed-use strategy akin to Growthpoint's precinct approach.
• Stockland: Australia's largest diversified property group with residential, retail, office and logistics assets. Comparable as a large listed REIT in one of Growthpoint's key offshore markets.

Direct peers

• Hyprop Investments: JSE-listed REIT specializing in premium shopping centres in South Africa, Eastern Europe and West Africa. Directly comparable retail-focused REIT with similar offshore expansion strategy.
• Vukile Property Fund: JSE-listed retail-focused REIT with significant Spanish retail property exposure through Castellana Properties. Comparable as a fellow SA REIT with international diversification via minority stakes.
• Resilient REIT: JSE-listed REIT focused on large regional shopping centres in South Africa and Nigeria. Comparable as a fellow SA REIT pursuing offshore diversification in retail real estate.
• Attacq Limited: JSE-listed REIT anchored by Waterfall City mixed-use development in Gauteng. Comparable as a fellow SA REIT with mixed-use and office exposure plus development pipeline.
• Redefine Properties: Second-largest JSE-listed REIT with a diversified South African office, retail and industrial portfolio. Most direct domestic comparable given overlapping property types, tenant base, and JSE REIT benchmark competition.
• SA Corporate Real Estate Fund: JSE-listed REIT focused on industrial and retail properties in South Africa. Comparable as a domestic REIT competing for the same industrial logistics tenants and capital.
• Growthpoint Australia (GOZ): 63.6% owned Australian-listed subsidiary of Growthpoint itself with 50 office/industrial properties. Most directly comparable for Growthpoint's Australian portfolio economics.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/user/GrowthPointBroadcast
• Facebookfacebook.com/159823800717402
• LinkedInlinkedin.com/company/growthpoint-properties-ltd
• Instagraminstagram.com/growthpoint_properties
• Xx.com/growthpoint

Compliance7 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles20 records

Subsidiaries6 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A2 records

Investments2 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Growthpoint Properties