Reits: Health bet about to pay off
The Covid-19 pandemic has placed a long-overlooked asset class back in the spotlight worldwide
13 August 2020 - 05:00
Growthpoint Properties’ quest to build a R10bn real estate fund that invests exclusively in hospitals, medical facilities and research laboratories is poised for a big shot in the arm. SA’s first such fund is in talks to secure R1.4bn from the International Finance Corp (IFC).
Growthpoint, which is also the JSE’s largest SA-based property play, launched its health-care real estate investment trust (Reit) just over two years ago with assets of close to R2.2bn...
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