SA’s largest real estate company, Growthpoint Properties, will buy a controlling stake in UK shopping centre owner Capital & Regional in a deal worth R2.9bn as it launches an investment platform in Britain.

Growthpoint, which has property exposure worth close to R140bn spread across SA, Australia, Romania and Poland, is venturing into the UK for the first time while other funds steer clear of a region that has been drowning in Brexit uncertainty.

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