Growthpoint Student Accommodation expands with R1.5bn boost

--:--

GUEST – Amogelang Mocumi, Fund Manager of Growthpoint Student Accommodation

It has been two years since property developer Growthpoint launched its student accommodations. Since then, Growthpoint Student Accommodation Reit has invested R1.5 billion in new investments in the alternative property sector.

Established in December 2021 by Growthpoint Investment Partners, the co-investment arm of JSE-listed Growthpoint Properties, the Reit specialises in investing in strategically located student accommodation designed to support students. Growthpoint has added 4 000 new beds for students, expanding its portfolio value to approximately R3.5 billion. This includes 12 residences with 9 000 beds across Cape Town, Johannesburg, and Pretoria. With two new developments in progress, it anticipates increasing its beds to 10 400 for the 2025 academic year.

30 Apr 2PM English South Africa Business News · Investing

Other recent episodes

What happens to employees when a business is sold?

GUEST – Kagiso Lebethe - Senior Employee Relations Specialist In the event that a company/business is sold as a ‘going concern’, section 197 of the Labour Relations Act becomes applicable. Section 197 of the Labour Relations Act regulates the transfer of a business and the rights of all employees affected…

16 May 3PM 15 min

PIVOT POINT: In conversation with Cebile Zibi, Chief Marketing Officer of Momentum Money

Cebile Zibi was forced to step in and become involved in her late husband’s business when he tragically passed away from COVID-19. She was forced to step up and take over the enterprise that she was neither ready for nor experienced at. Zibi is the Chief Marketing Officer of Momentum…

16 May 1PM 19 min

INSIDE YOUR POCKET: Liquor Retail Growth Outstrips Groceries

GUEST: Andrea Ellens - Retail Industry Specialist at Trade Intelligence The Liquor Retailing in South Africa Report by Trade Intelligence reveals a sector that continues to grow despite economic pressures and shifting shopper behaviour. Despite significant pressure on the economy and shoppers’ ability to spend, South Africa’s liquor sector continues…

16 May 1PM 17 min

AARTO traffic system is expected to start rolling out across SA

GUEST – Barry Berman is the CEO of Fines SA On 1 July 2024, the new AARTO traffic system is expected to start rolling out across South Africa (it’s currently only active in Johannesburg & Tshwane). This means that there will be two traffic fine systems in. operation across the…

16 May 1PM 12 min

IISA hopes to tackle skills shortage in local insurance industry

GUEST: Thokozile Mahlangu - CEO of Insurance Institute of South Africa (IISA) In a bid to bridge the skills shortage in the sector and prepare matriculants and graduates for employment in the insurance industry, the Insurance Institute of South Africa (IISA) recently launched its Youth Accelerator Programme. IISA CEO Thokozile…

15 May 2PM 7 min

All episodes