NOW may be Growthpoint Properties’ best opportunity to buy a UK company outright or an interest in one, according to Stanlib’s head of listed property funds, Keillen Ndlovu.Many South African property companies with UK exposure have seen their share prices take a hit following the fallout after the Brexit referendum.Growthpoint, the largest listed real estate investment trust (Reit) based in SA, has been under pressure to make a meaningful acquisition. Some analysts feel the company has been a reliable performer, but could be more ambitious."Growthpoint’s management has been looking around the UK for a while, but they have not made a deal. They were an early South African entrant into Australia, and that investment has worked well. Now with the Brexit vote having impacted share prices there, it could be the best time for Growthpoint to move into the UK," Ndlovu said.Growthpoint CEO Norbert Sasse had said at the beginning of June he was looking for opportunities in Europe, but had no...
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