Most of the financial year’s growth would come from international investments, says the property investment holding company.
Growthpoint, the largest South African primary listed real estate investment trust with a quality portfolio of 447 directly owned properties in South Africa valued at R77.2 billion, said this growth was in line with the guidance given to the market for the financial year to 2019. “The V&A Waterfront, which benefits from local and international tourism, is positioned to deliver growth but is not immune to the erosion in the domestic economy and turnover rentals declined in HY19,” it said.
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