La Lucia Mall: fabulous at 40 with a fantastic future ahead22 September 2014
An icon of modern shopping in KwaZulu-Natal, La Lucia Mall celebrates 40 years of retail success this month.
Originally built in 1974, La Lucia Mall has grown and evolved with its community and retail trends to remain a relevant and exciting shopping attraction, frequented by over six million shoppers each year.
Now, it is set to grow again in 2015 with a R12 million expansion by owners and managers Growthpoint Properties.
Growthpoint acquires substantial track of prime Samrand land to develop with Cavaleros18 September 2014
Growthpoint Properties today announced its largest industrial land deal to date. It is acquiring a fully-serviced 43 hectare site in Samrand, equal in size to 86 rugby fields, from the Cavaleros Group.
Cavaleros will be Growthpoint’s development partner for this prime land, which has an ultimate development potential of R2 billion in today’s terms.
The land, superbly situated between Johannesburg and Pretoria, has a colourful history and was previously owned by Malaysian banker, Dato Samsudin Abu Hassan who, it is said, was once considered the biggest individual investor in South Africa, before it was scooped up by Cavaleros.
Growthpoint beats guidance to deliver 8.3% full-year distribution growth to investors28 August 2014
Growthpoint Properties Limited today reported distribution growth of 8.3% for the full year to 30 June 2014, comfortably outperforming market guidance of around 7.2%. Growthpoint’s net asset value increased by a significant 14,0% to R22,15 per share.
Rustenburg's Waterfall Mall enjoys a R33 million refurbishment19 August 2014
Waterfall Mall in Rustenburg, North West, is undergoing a R33 million refurbishment which will enhance its shopping experience, ensure it is well positioned for a bright future, add new services in the mall and create welcome opportunities in the local economy.
Growthpoint and Zenprop to develop efficient, environmentally innovative new global head office for Discovery 22 July 2014
Discovery is set to have a new resource-efficient, cost-effective and environmentally-sustainable global head office in Sandton, developed in joint venture by two of South Africa’s leading property companies Growthpoint Properties Limited and Zenprop Property Holdings.