Growthpoint ramps up accommodation portfolio
REIT confident of managing fallout of government decision to cap subsidy for student housing
22 June 2023 - 13:19
UPDATED 22 June 2023 - 20:03
Growthpoint Properties, which is scaling up its investment in student accommodation to further diversify its revenue base, said on Thursday it was looking to manage the fallout from a decision to cap an annual subsidy at R45,000.
The National Student Financial Aid Scheme (NSFAS), which is funded by the department of higher education & training, set the limit earlier this year after providing full cover...
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