Growthpoint Australia
Growthpoint entered the Australian market in 2009 taking advantage of the market dislocation, a result of the global financial crisis, which saw many Australian REITs over-geared and needing to be recapitalised. Today, Growthpoint Australia enjoys strong property fundamentals, a great liquidity position and excellent opportunities for growth.
GOZ at a Glance:
Listing: Australian Stock Exchange (ASX) share code: GOZ
Location: Majority on the Eastern Seaboard, Australia
Asset type: Office & Industrial
Share: 62,2% holding
1 050 877 ㎡
GLA
57
Number of Properties
R58.5bn
Value of Properties
Geographic Split
38% Victoria 19% Queensland
14% South Australia 14% New South Wales
12% Western Australia 3% ACT
Highlights
- Conservatively geared
- Strong interest cover
- Low vacancy rates
- Double the average lease length in the SA environment
- Strong tenant base consisting of Australian Corporates and Government
