Growthpoint plans to convert business park into residential property
The office sector is particularly stressed in Gauteng
15 June 2022 - 10:44
SA’s largest listed property company, Growthpoint, plans to convert one of its business parks into a residential property as vacancies in its office sector rise.
The company aims to convert the Riverwoods Office Park in Bedfordview in Johannesburg to a residential property after Airports Company SA (ACSA) vacated the 10,588m² premises, it said in an investor update for the nine months to end-March on Wednesday...
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