Growthpoint Properties, the largest listed real estate company in the country, has renewed four leases with Swedish group, Scania, extending its relationship with the company that offers sales of trucks, buses, and services in more than 100 countries.Growthpoint owns and manages a diversified portfolio of 559 property assets, locally and internationally and has market capitalisation of nearly R78bn.The leases were renewed for four properties located in established industrial areas across the province of Gauteng, said Growthpoint.Growthpoint is trying to focus on managing its core property portfolio as well as investing in specialised property sectors.Two of the Sacania leases were renewed for seven-year periods, being the 12,650m² South African headquarters of Scania in Aeroton, Johannesburg, and the 2,950m² facility in Rosslyn, Pretoria. Leases renewed for five years include Scania’s 4,380m² Alrode facility and its 3,740m² Elandsfontein facility, both on the East Rand.As part of th...

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, Morningstar financial data, and digital access to the Sunday Times and Times Select.

Already subscribed? Simply sign in below.



Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00.