Growthpoint expects listed property’s value to shrink by chunky R120bn in next two years
SA's largest property company says the recovery from Covid-19 will be long and painful
22 June 2020 - 23:43
Listed property is set to lose a fifth of its R600bn in asset value in the next two years, the CEO of SA's largest real estate group said on Monday, as the country drags itself through a slow, painful recovery from the Covid-19 pandemic and economic recession
Growthpoint CEO Norbert Sasse said in a conference call with investors that many South Africans' livelihoods which were already under stress, had been battered by the lockdown and this would reverberate around all sectors of real estate...
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