Growthpoint bets on UK property market recovery
SA landlord is attracted by heavy discounts to net asset values in Britain amid Brexit uncertainties
11 September 2019 - 09:38
UPDATED 11 September 2019 - 19:45
After seeing peers burnt in the Brexit turmoil, SA’s largest real estate group Growthpoint Properties is taking a bet on a UK recovery.
The group has entered talks to buy Capital & Regional, a property company with retail exposure to convenience centres in smaller towns and cities including Blackburn, Hemel Hempstead, Ilford, Luton and Maidstone. ..
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