Growthpoint gets green light for debut in UK convenience centres

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South Africa Headlines News

Capital & Regional shareholders approve Growthpoint takeover

Shareholders of UK mall owner Capital & Regional have approved selling a controlling stake in the company to SA’s largest real estate company, Growthpoint Properties, for about R2.9bn.

Growthpoint group CEO Norbert Sasse said that the deal marks the company’s first foray into UK commercial property and that Brexit uncertainty has created opportunities for the R68.5bn JSE-listed powerhouse.A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, Morningstar financial data, and digital access to the Sunday Times and Times Select.

 

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