No returns for Growthpoint as Capital & Regional holds dividend
Mall owner collected most of its rent in the first half and visitor numbers are improving, but conditions remain uncertain
04 September 2020 - 09:47
SA’s largest real estate company, Growthpoint Properties, will have to wait for income returns from British community shopping centre owner Capital & Regional, of which its owns 51%, after the group chose to hold on to an interim dividend.
Growthpoint — which already had exposure to SA, Poland, Romania and Australia — acquired a 51.2% stake in the company at end-2019 for R2.9bn as it looked to invest in UK commercial property for the first time...
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