Growthpoint gets green light for debut in UK convenience centres
Capital & Regional shareholders give overwhelming approval for takeover
26 November 2019 - 13:59
Shareholders of UK mall owner Capital & Regional have approved selling a controlling stake in the company to SA’s largest real estate company, Growthpoint Properties, for about R2.9bn.
Growthpoint group CEO Norbert Sasse said that the deal marks the company’s first foray into UK commercial property and that Brexit uncertainty has created opportunities for the R68.5bn JSE-listed powerhouse...
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