Growthpoint Properties recently completed this building in Sandton for financial services group Discovery. Picture: SUPPLIED
Growthpoint Properties recently completed this building in Sandton for financial services group Discovery. Picture: SUPPLIED

Growthpoint has made its bid for a majority stake in Capital & Regional.

The group is set to pay 33 pence per share to acquire just more than 30% of the British shopping centre owner. Growthpoint will also subscribe to buy 311-million new Capital & Regional shares, which will push its holding up to just over 51%.

Growthpoint CEO Norbert Sasse joined Business Day TV to talk about the deal.

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