Latest news with #GrowthpointProperties
Zawya
08-07-2025
- Business
- Zawya
MSCI South Africa Green Annual Property Index 2024
The MSCI South Africa Green Annual Property Index for 2024 continued to reinforce the investment rationale for sustainable, resource-efficient real estate. Longkloof - Growthpoint Properties owned, 4-Star Green Star Existing Building Performance v1 rated, Prime, A-Grade offices in Gardens, Cape Town. Published annually since 2016 in collaboration with the Green Building Council of South Africa (GBCSA) and sponsored by Growthpoint Properties (JSE: GRT), the index offers an independent and globally aligned assessment of how green-certified properties compare to their non-certified counterparts in terms of investment performance. For 2024, the index showed that green-certified Prime & A-grade offices produced a total return of 10.1% which was 120bps above that of non-certified office assets of a similar quality during the year. Since the index's launch in 2016, green-certified offices have outperformed non-certified assets by a cumulative 28.2%, delivering superior capital growth and operational resilience. Timothy Irvine, head of asset management: offices at Growthpoint Properties Lisa Reynolds, CEO at Green Building Council South Africa (GBCSA) Timothy Irvine, head of asset management: offices at Growthpoint, which is at the forefront of green-building certification in South Africa, comments, ' The 2024 MSCI South Africa Green Annual Property Index reaffirms the investment edge of green-certified commercial real estate. The long-term outperformance of green-certified offices signals growing occupier and investor preference for sustainable, resource-efficient real estate and reinforces the strategic competitiveness of portfolios with a strong green building footprint. ' Published in April 2025, the 2024 index covered a sample of 242 prime and A-grade office properties with a combined value of R54.7bn, including 122 green-certified buildings. Reflecting the growing momentum of green certification beyond the office sector, the index also captured the performance of 33 green-certified retail properties. ' The index has shown over several years that green-certified offices typically have better investment returns than non-certified offices. This year's expansion to include the retail sector is exciting for us and reflects our commitment to supporting the drive for green across all building typologies. Through this expansion, we're looking forward to tracking these results, and bringing new insights to market, ' says Georgina Smit, head of technical, GBCSA. Georgina Smit, Head of Technical at Green Building Council South Africa (GBCSA) Eileen Andrew, Vice President of EMEA Real Estate Client Coverage, at MSCI South Africa 2024 was another year of outperformance for green-certified property This outperformance of green-certified Prime and A-grade offices was driven by a higher capital growth on the back of a 34% higher gross income per square meter, a significantly lower operating cost to income ratio (39% vs 46%) and a 30bp lower capitalisation rate. For green-certified retail property, the outperformance was similar in 2024. Green certified retail property delivered a total return of 13.2%, 130bps higher than that of non-certified retail with the outperformance driven by an 80bp lower capitalisation rate and a 18% higher net operating income per square meter. Similar to the green office sample, certified retail properties also boasted a lower cost-to-income ratio of 41% compared to the 44% of its non-certified peers. Green-certified offices also had a lower discount rate, driven in part by a lower vacancy rate (11.1% vs 14.8% for non-green certified prime and A-grade offices) – reinforcing the premium placed on green office accommodation by occupiers and valuers alike. Long-term outperformance Since the index's inception in 2016, prime and A-grade green-certified offices have consistently delivered stronger capital growth than non-certified office properties each year, underscoring the resilience and value proposition of sustainable buildings. Green-certified office assets have outperformed their-noncertified counterparts by a cumulative 28.2%. While the office sector has led the way in the adoption of green certification, the performance advantage is becoming increasingly evident in the retail segment as well, where a similar return differential emerged in 2024, signalling broader market recognition of the investment benefits of sustainable real estate, ' After nine years of consistent outperformance both on valuations and income, there can be no doubt about the fact that certified properties deliver higher returns to investors. The next step in this journey is to show that certified properties better mitigate climate risk and MSCI is well equipped to do that, ' says Eileen Andrew from MSCI. Lisa Reynolds, GBCSA CEO, adds: ' Our longstanding partnerships around this index are a deep and a solid real investment into providing the property sector with the data and confidence required to build the investment case for green buildings. For some, the question was 'Why should I invest in making my property portfolio green?', now it becomes, 'Why would I not invest in green?'.' As a leader in sustainable commercial property, Growthpoint holds one of South Africa's largest and most varied portfolios of green-certified buildings. These assets not only lower the company's carbon footprint but also support long-term climate resilience central to its ESG strategy. With a clear goal to reach carbon neutrality across its portfolio by 2050, Growthpoint continues to lead in sustainable real estate. Chief operating officer Engelbert Binedell says data from MSCI and the GBCSA is key to shaping Growthpoint's approach. ' We use this data to benchmark performance, refine energy and net-zero targets, and realise the full financial and environmental value of green certification. This data-driven strategy ensures steady progress while meeting the expectations of investors, tenants and society for a low-carbon future. '
Time Out
27-06-2025
- Business
- Time Out
New Cape Town Developments: R1bn hotel on the cards
Cape Town's property market has long outpaced Johannesburg's in price – with the running joke being the price you pay for a mansion in Jozi only really gets you a shoe box in the Mother City - but at best you'll have a mountain or sea view to go with it. With the city's new R76.4 billion budget approved this week, residents can expect increased fixed charges for water, sanitation, and a city-wide cleaning levy, all tied to property value. While the changes sparked public backlash, Mayor Geordin Hill-Lewis states that the updated tariffs will help unlock "more funding" for infrastructure, public spaces, and essential services – all of which play a role in shaping a more livable and attractive city. But as the city courts global investment and luxury developments, the question remains: will Cape Town stay liveable for the people who already call it home, or just for those who can afford to visit? Cape Town Tourism CEO Enver Duminy recently unpacked this timely question in Billionaires' Burg analysis as a precursor to the release of the tourism body's CTT Futures Report 2039. It explores a chilling possibility of a future where tourism booms but only benefits the super-rich - as European cities weighed the impact of "more and more" tourists. Yet there is no denying high-profile hospitality, retail and lifestyle projects continue to reshape not only the city's skyline, but ultimately, its overall appeal for visitors and locals alike. Let's take a look at some of the most exciting new developments set to open their doors in the coming months. R1 Billion super-luxury hotel rising in V&A Waterfront The V&A Waterfront is set to welcome one of South Africa's most expensive hotel developments in decades. Joint owners Growthpoint Properties and the Public Investment Corporation (PIC) are investing heavily in the new "R1 billion Quay 7 Hotel" - a super-luxury project comprising 142 rooms and six serviced apartments. V&A Waterfront CEO David Green described it as a spectacular addition to the vibrant destination's portfolio, sharing aerial images of the hotel's progress. The hotel could also operate under the Edition Hotel banner, according to Moneyweb – part of Marriott International 's ultra-premium lifestyle brand, although this has yet to be officially confirmed. Expected Opening: March 2026 Mama Shelter Cape Town to Open in City Bowl's Iconic City Park Building Global lifestyle hotel brand Ennismore is bringing a bold new property in Cape Town's City Bowl. Mama Shelter is making its South African debut with a 127-room hotel set in the historic City Park building on Bree Street. The hotel will include 68 branded residences, co-working spaces, meeting rooms, a rooftop pool and all-day dining with sweeping city and mountain views. A new concept, Mama Play, will introduce a 742 sqm arcade-style space featuring bowling, karaoke, and events. The project, developed by Kasada and Ingenuity, signals a fresh wave of playful, design-forward hospitality in the CBD, with a separate Ennismore-run restaurant also planned for the ground floor. Expected Opening: Late 2025 Game on for new Grand West mall A new R600 million retail destination is coming to Cape Town as GrandWest Casino and Entertainment World expands with the addition of GrandWest Mall. Developed by Flanagan & Gerard in partnership with Sun International, the 22,000 sqm centre will connect directly to the existing entertainment complex and offer a curated mix of grocery, fashion, food, and lifestyle retail. The mall promises a vibrant, family-friendly space tailored to local needs. Expected Opening: March 2027 View this post on Instagram A post shared by Reel Stories (@_reelstories) Historic Glencairn hotel gets a revamp A new chapter is unfolding in the Deep South. What was once the old Southern Right Hotel, a grand landmark rich in local lore, is now poised for a return to its former glory. Summer House, the soon-to-open boutique hotel - is being brought to life by the team behind the beloved Tintswalo Boulders and Tintswalo Atlantic. The revamped property will feature 12 uniquely styled suites and a new eatery offering a range of options, from High Tea to sunset dinners. With sweeping views near Boulders Beach and a legacy dating back to 1904, the hotel promises a chic yet heritage-rich stay along one of False Bay's most atmospheric stretches. Expected Opening: December 2025 View this post on Instagram A post shared by Time Out Cape Town (@ The Titanic of Sea Point sold! The Ritz Hotel which has been empty since 2018, has officially been sold. Reportedly sold for around R240 million the Ritz, known for its glamorous history and revolving restaurant, it is hopefully set to enter a new chapter under new ownership. View this post on Instagram A post shared by Ash Müller | Ask Ash (@askashbroker)
IOL News
26-06-2025
- Business
- IOL News
Growthpoint Properties raises DIPS growth guidance for 2025
V&A Waterfront owner Growthpoint Properties said the leisure and commercial precinct in Cape Town increased its earnings before interest and tax by 23% for the 9 months to March 31, 2025, with the performance boosted by tourism, and from a full period of office rental from Investec, and the inclusion of The Portswood and The Commodore Hotels, now owned by the V&A and managed under contract by Legacy. Image: Supplied Growthpoint Properties has upped its distributable income per share (DIPS) growth guidance to 2% to 3% for its 2025 financial year due to improved performance, better property fundamentals in South Africa, continued outperformance by the V&A Waterfront, and lower interest rates. The largest JSE-listed South African Real Investment Trust had reported DIPS growth of 3.9% at the half-year stage, compared to the initial full-year 2025 guidance of a decrease in DIPS of 2% to 5%. In March, the full-year guidance was updated to DIPS growth of 1% to 3%. But a strong performance, as indicated by Thursday's trading statement, resulted in the guidance being lifted once more. Growthpoint management said growth would be offset somewhat by lower offshore income due to the sale of their stake in Capital & Regional (C&R). In an investor update for the 9 months to March 31, management said several positive local developments had supported the group's performance in spite of a decline in the Business Confidence Index in the second quarter, as reported by RMB/BER this month. These included longer periods without load shedding and a favourable interest rate outlook. All three of the domestic portfolios showed improved performance. 'We have a strong set of initiatives, both innovative and established, in place to keep improving the quality of our portfolios and underlying operational metrics,' they said. Video Player is loading. Play Video Play Unmute Current Time 0:00 / Duration -:- Loaded : 0% Stream Type LIVE Seek to live, currently behind live LIVE Remaining Time - 0:00 This is a modal window. Beginning of dialog window. Escape will cancel and close the window. Text Color White Black Red Green Blue Yellow Magenta Cyan Transparency Opaque Semi-Transparent Background Color Black White Red Green Blue Yellow Magenta Cyan Transparency Opaque Semi-Transparent Transparent Window Color Black White Red Green Blue Yellow Magenta Cyan Transparency Transparent Semi-Transparent Opaque Font Size 50% 75% 100% 125% 150% 175% 200% 300% 400% Text Edge Style None Raised Depressed Uniform Dropshadow Font Family Proportional Sans-Serif Monospace Sans-Serif Proportional Serif Monospace Serif Casual Script Small Caps Reset restore all settings to the default values Done Close Modal Dialog End of dialog window. Advertisement Next Stay Close ✕ Ad loading Growthpoint Investment Partners (GIP) was performing as expected. The V&A continued to exceed expectations, supported by increased tourism and asset management that was unlocking the precinct's opportunities. The group's international investments were expected to continue performing in line with guidance. A target had been to dispose of non-core assets of R2.8bn for the year, by reducing exposure to the office sector, disposing of older industrial and manufacturing assets, exiting non-core retail properties in deteriorating central business districts, as well as smaller retail and specialised assets such as motor dealerships. However, transfers of properties sold were taking longer than expected due to delays in Competition Commission approvals, rates clearance certificates, and registration at the Deeds Office. 'We sold and transferred 15 non-core assets for R1.1bn. An additional R445m transferred since April 1, while assets worth R1.2bn were still awaiting transfer, of which R783.2m is expected to transfer by June 30, 2025, bringing anticipated disposals for the year to R2.3bn, R500m less than the target.' Of disposals awaiting transfer, R783.2m related to the sale of 11 Adderley, Golden Acre, and Grand Parade, which had been lodged at the Deeds Office. Some R1.2bn of development and capital expenditure was incurred for the SA portfolio, including the redevelopment of Bayside Mall, Table View (R147.1m), The Hilton Canopy Hotel, Longkloof Studios, Gardens (R192.8m), 36 Hans Strijdom Avenue, CBD (R103.7m), and R147.4m to develop modern logistics warehouses in the Western Cape. In the South Africa portfolio, key indicators showed 'pleasing improvements across all three sectors.' Vacancies improved to 8.4% from 8.7% at June 30, 2024, and were slightly above 8.3% at December 31, 2024. The increase is largely due to the addition of vacancy from the newly completed speculative development, Arterial Industrial Park Phase 2 in Cape Town. Notably, the office sector vacancies improved to 14.7% from 15.9% at the half-year. National market data showed that, while earlier improvement was evident, future vacancy reductions may plateau due to structural changes in employment and the tenant mix. At Globalworth Real Estate Investments in central and eastern Europe, a decrease in dividend income was expected due to the increase in their cost of debt resulting from their bond refinance in May 2024. In the logistics and industrial portfolio, vacancies improved to 4.4% from 5.2%, primarily due to the leasing of new speculative developments, albeit higher than 3.5% recorded at the half-year stage. At the V&A, earnings before interest and tax (EBIT) grew by 23%. This was from a full period of office rental from Investec and the inclusion of The Portswood and The Commodore Hotels, now owned by the V&A and managed under contract by Legacy. Visit:
Yahoo
22-06-2025
- Business
- Yahoo
Asian Small Caps With Recent Insider Buying Highlight Undervalued Opportunities
Amidst a backdrop of mixed performances in global markets, Asian small-cap stocks have garnered attention as potential opportunities for investors. With recent insider buying signaling confidence, these stocks may present intriguing prospects for those looking to navigate the current economic landscape. Name PE PS Discount to Fair Value Value Rating Security Bank 4.2x 1.0x 42.26% ★★★★★★ East West Banking 3.1x 0.7x 32.46% ★★★★★☆ Dicker Data 18.0x 0.6x -11.10% ★★★★☆☆ Atturra 27.2x 1.1x 35.82% ★★★★☆☆ Sing Investments & Finance 7.4x 3.7x 38.46% ★★★★☆☆ Select Harvests 18.3x 1.6x -40.37% ★★★★☆☆ PWR Holdings 33.0x 4.6x 26.97% ★★★☆☆☆ Charter Hall Long WALE REIT NA 12.4x 20.79% ★★★☆☆☆ AInnovation Technology Group NA 2.3x 49.32% ★★★☆☆☆ Tabcorp Holdings NA 0.7x -32.03% ★★★☆☆☆ Click here to see the full list of 55 stocks from our Undervalued Asian Small Caps With Insider Buying screener. Let's review some notable picks from our screened stocks. Simply Wall St Value Rating: ★★★★☆☆ Overview: Growthpoint Properties Australia is a real estate investment trust focusing on owning and managing office and industrial properties, with a market cap of A$3.24 billion. Operations: The company generates revenue primarily from its office and industrial segments, contributing A$204.50 million and A$103.20 million, respectively. Over recent periods, the gross profit margin has shown a declining trend from 84.37% to 80.46%. Operating expenses have increased alongside non-operating expenses, impacting net income margins significantly into negative territory in the latest periods. PE: -6.9x Growthpoint Properties Australia, a smaller player in the Asian market, is drawing attention as an undervalued opportunity despite its reliance on external borrowing for funding. The company projects an impressive 84% annual earnings growth but faces challenges in covering interest payments with current earnings. Recent insider confidence is evident from their share purchases earlier this year. With dividends set at A$0.091 per security for the first half of 2025, Growthpoint remains committed to shareholder returns amidst financial adjustments. Delve into the full analysis valuation report here for a deeper understanding of Growthpoint Properties Australia. Gain insights into Growthpoint Properties Australia's historical performance by reviewing our past performance report. Simply Wall St Value Rating: ★★★★★☆ Overview: Regal Partners is a company that primarily provides investment management services with a market capitalization of A$1.50 billion. Operations: Regal Partners generates revenue primarily from investment management services, with recent figures showing a gross profit margin of 58.43%. The company's cost structure includes significant expenses in operating and non-operating areas, such as R&D and D&A. PE: 10.5x Regal Partners, a small company in Asia, has recently seen insider confidence with significant share purchases over the past year. Despite potential risks from external borrowing as their sole funding source, they have not diluted shareholder value during this period. Their earnings are projected to increase by 20% annually, indicating growth potential. The recent move of their office to Sydney's central business district may signal strategic positioning for future expansion or operational efficiency improvements. Take a closer look at Regal Partners' potential here in our valuation report. Evaluate Regal Partners' historical performance by accessing our past performance report. Simply Wall St Value Rating: ★★★★☆☆ Overview: Argosy Property is a New Zealand-based property investment company with a market cap of approximately NZ$1.24 billion, focusing on industrial, office, and retail properties. Operations: Argosy Property's revenue primarily comes from its operations, with a consistent increase in revenue over the periods observed, reaching NZ$155.73 million by 2025-06-21. The cost of goods sold has also increased to NZ$38.85 million, impacting the gross profit margin which decreased to 75.06%. Operating expenses have shown a slight decrease to NZ$11.41 million in the latest period, while non-operating expenses have fluctuated significantly, affecting net income margins which varied widely across different periods. PE: 7.3x Argosy Property, a smaller player in the Asian market, recently reported significant financial improvements. For the year ending March 31, 2025, sales increased to NZ$132.73 million from NZ$131.02 million previously, while net income swung to NZ$125.86 million from a loss of NZ$54.49 million last year. Despite these gains and insider confidence shown through recent share purchases, challenges remain with earnings forecasted to decline by an average of 3.7% annually over the next three years due to reliance on higher-risk external borrowing and interest payments not being well covered by earnings. Get an in-depth perspective on Argosy Property's performance by reading our valuation report here. Explore historical data to track Argosy Property's performance over time in our Past section. Reveal the 55 hidden gems among our Undervalued Asian Small Caps With Insider Buying screener with a single click here. Shareholder in one or more of these companies? Ensure you're never caught off-guard by adding your portfolio in Simply Wall St for timely alerts on significant stock developments. Join a community of smart investors by using Simply Wall St. It's free and delivers expert-level analysis on worldwide markets. Explore high-performing small cap companies that haven't yet garnered significant analyst attention. Fuel your portfolio with companies showing strong growth potential, backed by optimistic outlooks both from analysts and management. Find companies with promising cash flow potential yet trading below their fair value. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include ASX:GOZ ASX:RPL and NZSE:ARG. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@ Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
The Citizen
19-06-2025
- Business
- The Citizen
Orginisation donates 50 winter uniforms in Thembisa
Growthpoint Properties, in partnership with the NPO Threads for IKasi Foundation, donated 50 full winter school uniforms to learners at Ikusasa Comprehensive School in Thembisa. The handover ceremony on May 23 highlighted the spirit of employee-driven social impact. Each uniform set includes a jersey, Drimac, trousers, a shirt, shoes, socks and a winter beanie. This donation is part of the Growthpoint Gives programme, which empowers staff to participate in upliftment initiatives within their communities. Ikusasa Comprehensive School has steadily improved its matric pass rate, rising from 77.1% in 2021 to an impressive 95.8% in 2024. ALSO READ: Local philanthropist leads sock donation campaign The school aims for a 100% pass rate and a 75% Bachelor's pass rate this year. It also promotes holistic development through the arts, sports, culture and awareness campaigns on bullying, substance abuse and health. Despite its progress, the school supports many vulnerable learners, including eight child-headed households and 47 orphans. It faces infrastructure challenges and urgently needs better resources, technology and classroom upgrades. Principal Gladwell Makhoba expressed gratitude,'These uniforms mean more than just clothing. They restore dignity, boost self-esteem and remind our learners that they matter. The support sends a powerful message: our children are seen, valued and have a community that believes in their future.' Threads for IKasi has implemented similar initiatives at over a dozen schools in Thembisa. The foundation's mission is to ensure no child is left behind by creating supportive environments that foster emotional, social and academic growth. 'For me, a school uniform means more than clothing; it represents pride, belonging and a promise of potential,' said Khabo Mnguni, the co-founder of Threads for IKasi. ALSO READ: Clothing and blanket donations needed for June 28 drive 'Growing up in the township, I saw how something as simple as a uniform can transform a child's self-image. 'That's why this mission is so close to my heart. Our partnership with Growthpoint weaves a golden thread of care into these learners' futures. It's about dignity, confidence and showing our children they are seen, supported and worthy.' The donation aligns with Growthpoint Gives' core values, encouraging employees to lead with empathy and make a tangible impact. 'A Growthpoint team member introduced us to Threads for IKasi and brought Ikusasa's needs to our attention,' said Shawn Theunissen, the head of corporate social responsibility at Growthpoint Properties. 'We are honoured to support this initiative. Beyond providing warmth this winter, it affirms dignity and helps learners focus on their education without added hardship.' Growthpoint's corporate social responsibility approach reflects its commitment to responsible corporate citizenship. Through Growthpoint Gives, every employee gets eight hours annually to volunteer in their communities, reinforcing a culture of service. ALSO READ: NPO continues with collaborations and donations 'We believe corporate responsibility lives not just in boardrooms, but in every hand that helps,' Theunissen added. 'This donation is one part of our broader commitment to employees, their communities and education. Partnerships with educators will drive meaningful progress toward building a better life for all.' At Caxton, we employ humans to generate daily fresh news, not AI intervention. Happy reading! Stay in the know. Download the Caxton Local News Network App Stay in the know. Download the Caxton Local News Network App here
