bee growthpoint

Property holding and investment company Growthpoint Properties has agreed to sell 2,3percent of the company to black-owned property company Phatsima Properties for R280million.

Property holding and investment company Growthpoint Properties has agreed to sell 2,3percent of the company to black-owned property company Phatsima Properties for R280million.

As an integral part of the deal, Phatsima has also acquired a 2,3percent interest in the Growthpoint asset management contract from Investec Property Group.

These lucrative transactions bring Growthpoint's total BEE ownership to 12,6percent. - Staff Reporter

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