Growthpoint launches first residential development
Kent will be a R140m housing project located next to La Lucia Mall, KwaZulu-Natal
Growthpoint Properties, SA’s largest landlord with exposure to R157bn of assets across five countries, has launched its first residential development — a housing project for young professionals, retirees and small families starting out.
Listed property groups have started to embrace residential property as an investment-class asset in recent years. While only about 1% of commercial real estate owned by listed funds is residential, this number is growing. ..