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
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