Growthpoint Properties
Growthpoint Properties is a South African property investment company and the country's largest JSE-listed real estate investment trust.
Last updated August 31, 2026
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Overview
Growthpoint Properties is a South African real estate investment company headquartered in Sandton. Established in 1987, it began with a Johannesburg Stock Exchange listing backed by a portfolio of 17 properties and developed into one of the largest property owners and listed companies in South Africa. The business operates primarily as a real estate investment trust, holding, managing, developing and trading income-producing property across several sectors. Its South African portfolio spans offices, retail centres, industrial and logistics properties, healthcare facilities and student accommodation. The company also has international property exposure, including investments in Australia, Romania and Poland. As reported for 2025, Growthpoint owned 388 properties in South Africa. Its combined property assets exceeded R131 billion in 2024, making it one of the country's most substantial commercial property groups and a constituent of the FTSE/JSE Top 40 Index. Growthpoint's portfolio includes major office and mixed-use assets in Johannesburg, Cape Town, Durban and other metropolitan areas; shopping centres such as La Lucia Mall, Waterfall Mall, Bayside Mall, Festival Mall and Fourways Crossing; industrial sites including Route 24 and Growthpoint Industrial Estate; and healthcare properties operated with specialist partners. It also has an important interest in the V&A Waterfront in Cape Town, a large mixed-use tourism, retail, hospitality, residential and commercial precinct co-owned with the Government Employees Pension Fund. The Waterfront is among Cape Town's best-known visitor destinations and has been a significant contributor to Growthpoint's portfolio performance. The company expanded beyond conventional commercial property through Growthpoint Investment Partners, which launched three unlisted specialist investment strategies in 2014. These strategies targeted income-producing commercial property elsewhere in Africa, healthcare property in South Africa and student accommodation. This diversification reflected Growthpoint's effort to access property segments with different demand patterns and long-term institutional investment characteristics. Sustainability and social investment are central parts of the group's public positioning. Growthpoint is a founding member of the Green Building Council of South Africa and has committed to the United Nations Global Compact and its principles covering human rights, labour, environmental responsibility and anti-corruption. The company has installed solar generation at its buildings, pursued green-building certification and stated a net-zero target for 2050. In 2023 it reported approximately 14,500 megawatt-hours of solar generation, more than R50 million in corporate social investment and support benefiting 6,255 people. It also reported a workforce that was 54% female and 66.5% people of colour, and identified itself as a Level 1 Broad-Based Black Economic Empowerment employer. Growthpoint has received industry recognition for property design, refurbishment, heritage conservation, sustainability, green-building performance, financial reporting and student accommodation. It also sponsors Squash South Africa. By 2025, the company was working to integrate renewable-energy systems more systematically across its properties, with the stated goals of improving power reliability, allocating energy costs more accurately and providing verifiable environmental attributes to tenants. Growthpoint therefore combines the role of a listed investment vehicle with that of a large-scale property owner, asset manager, developer and sustainability-oriented landlord.
History
Growthpoint Properties was established in South Africa in 1987. Its initial public-market structure consisted of 17 properties listed on the Johannesburg Stock Exchange. Over time, the company assembled a broad portfolio of income-producing real estate and became the largest real estate investment trust listed on the JSE. Its growth reflected the expansion of South Africa's institutional property market and the increasing use of listed property vehicles to own and manage diversified commercial assets. The group developed exposure across the main property categories: offices, retail, industrial facilities and later healthcare and student accommodation. Rather than concentrating on a single building type, Growthpoint used portfolio diversification to serve corporate tenants, retailers, manufacturers, logistics users, healthcare operators, students and consumers. Its activities also extended beyond passive ownership to include property development, trading and asset management. A significant step in diversification came in 2014, when Growthpoint Investment Partners launched three unlisted investments focused on specialist alternative real estate. The vehicles targeted commercial property in African markets outside South Africa, South African healthcare property and South African student accommodation. These initiatives broadened the group's investment platform and gave it access to sectors with different operating and demographic characteristics from traditional offices and shopping centres. The V&A Waterfront became one of the most prominent assets associated with Growthpoint. The Cape Town precinct combines retail, tourism, hotels, offices, coworking facilities, conference venues, maritime activities, cultural attractions and the Two Oceans Aquarium. Growthpoint co-owns it with the Government Employees Pension Fund. Its role in the portfolio extends beyond conventional property income because the precinct functions as a major destination and an integrated urban environment. Growthpoint reported strong income growth from the Waterfront in early 2025. By 2024, the group's combined property assets were reported at more than R131 billion. In 2025, its South African portfolio comprised 388 properties, while its wider investment footprint included Australia, Romania and Poland. The portfolio included major retail, office, industrial, healthcare and student-residential assets in several South African regions. The company maintained its position among the country's largest listed businesses and was included in the FTSE/JSE Top 40 Index. Sustainability became an increasingly visible part of Growthpoint's operating strategy. The company was a founding member of the Green Building Council of South Africa and adopted commitments associated with the United Nations Global Compact. Its reported initiatives included solar generation, green-building certification, environmental targets and social investment. The company stated an ambition to reach net zero by 2050. It reported approximately 14,500 megawatt-hours of solar production in 2023, 63 green-building certifications across 51 buildings at that time, and later reported 127 green buildings in its portfolio by mid-2025. Growthpoint also linked its corporate identity to transformation, inclusion and community investment. In 2023 it reported that women represented 54% of its workforce and people of colour represented 66.5%. It described itself as a Level 1 BBBEE employer and reported more than R50 million in corporate social investment benefiting 6,255 people. The group also supports Squash South Africa, the national governing body for the sport. In 2025, Growthpoint described a new phase of its renewable-energy programme involving wheeled renewable electricity supplied to several properties. The initiative was intended to improve supply resilience, allocate costs more precisely and enable tenants to verify the environmental characteristics of their electricity. The company traced its renewables programme back to a 44-kilowatt rooftop solar installation at Lincoln on the Lake in uMhlanga in 2011. Growthpoint's present identity therefore combines listed-REIT scale, diversified property ownership, international investment and a stated focus on green buildings, renewable energy and social impact.
- 2025
South African portfolio reaches 388 properties
[1]The company was reported to own 388 properties across South Africa, alongside investments in Australia, Romania and Poland.
- 2025
Renewable-energy wheeling programme expands
[1]Growthpoint began integrating wheeled renewable energy into several properties to support supply stability, transparent cost allocation and verifiable green attributes.
- 2024
Property assets exceed R131 billion
[1]Growthpoint's combined property assets were reported at more than R131 billion.
- 2023
Sustainability and social-investment reporting
[1]The company reported solar generation of about 14,500 MWh, more than R50 million in corporate social investment and 63 green-building certifications across 51 buildings.
- 2014
Growthpoint Investment Partners launches specialist funds
[1]Three unlisted investment strategies were launched covering African commercial property outside South Africa, South African healthcare property and South African student accommodation.
- 2011
First cited rooftop solar installation
[1]Growthpoint installed 44 kW of rooftop solar capacity at Lincoln on the Lake in uMhlanga, an early step in its renewable-energy programme.
- 1987
Company founded and initially listed with 17 properties
[1]Growthpoint was established in South Africa and began its JSE-listed history with a portfolio of 17 properties.
Products and positioning
A large, diversified and institutionally managed South African property platform focused on income-producing real estate, portfolio scale, tenant services and sustainability.
Commercial real estate
Office properties
Growthpoint owns and manages office buildings and business parks in major South African markets. Examples include The Park on 16th, The Towers, 11 Adderley, Inanda Greens, Lincoln on the Lake, Menlyn Corner, Oxford Corner, Sandton Close, Waterfall Park and Woodlands Office Park. These assets provide conventional leased workspace as well as larger mixed-use and precinct-based office environments.
Retail real estate
Retail properties
The retail portfolio includes shopping centres and convenience-oriented centres serving metropolitan, suburban and regional catchments. Properties named in the available material include La Lucia Mall, Waterfall Mall, Bayside Mall, Festival Mall, Fourways Crossing, Gardens Shopping Center, N1 City Mall, Paarl Mall, The Constantia Village, Vaal Mall and Westville Mall. The V&A Waterfront adds a major tourism-led retail and mixed-use component.
Industrial real estate
Industrial and logistics properties
Growthpoint's industrial portfolio serves manufacturing, distribution, warehousing and logistics users. Identified assets include Trade Park, African Products, Eagle Industrial Park, Route 24, Sterling Industrial Park, Gallagher Place, Growthpoint Industrial Estate, Impala Road, Independence Square, Route 41 and Wadestone Industrial Park.
Healthcare real estate
Healthcare properties
The healthcare portfolio provides purpose-built property for private hospital and related healthcare operations. Named properties include Busamed Gateway Private Hospital, Busamed Hillcrest Private Hospital, N1 Hospital and Busamed Paardevlei Hospital. This segment formed part of the specialist alternative-property strategy developed through Growthpoint Investment Partners.
Residential and student real estate · 2014
Student accommodation
Growthpoint has invested in purpose-built student residential assets, including Kingsway Place, 33 Princess of Wales, Richmond Central, Apex Studios, Crescent Studios, Horizon Heights and Arteria. Student accommodation was one of the specialist sectors targeted by Growthpoint Investment Partners from 2014.
Mixed-use real estate
V&A Waterfront
The V&A Waterfront is a large Cape Town mixed-use precinct co-owned by Growthpoint and the Government Employees Pension Fund. It combines retail, offices, hotels, coworking, restaurants, cultural and craft businesses, conference facilities, boat tours and the Two Oceans Aquarium. Its tourism profile makes it one of the most visible assets associated with Growthpoint.
Marketing campaigns
- Green-building and renewable-energy programme
South Africa
Growthpoint's environmental programme combines green-building certification, rooftop solar, renewable-energy procurement and a stated net-zero-by-2050 ambition. The company has linked the programme to tenant energy resilience and lower-impact property operations.
Outcome. The company reported 63 certifications across 51 buildings in 2023 and 127 green buildings in its portfolio by mid-2025.
- Corporate social investment programme
South Africa
Growthpoint supports community initiatives under an ESG and corporate social investment programme connected to its commitments to the United Nations Global Compact and its principles.
Outcome. In 2023, the company reported more than R50 million in corporate social investment benefiting 6,255 people.
- Squash South Africa sponsorship
South Africa
Growthpoint sponsors Squash South Africa, the country's national governing body for the sport.
Brand decisions
2025
Expand wheeled renewable-energy supplyStrategyBackground
Growthpoint identified electricity reliability, transparent energy-cost allocation and verifiable renewable attributes as important issues for property owners and tenants.
Action taken
The company began integrating wheeled renewable energy into several properties, building on a solar programme that began with a 44 kW rooftop installation in 2011.
Aftermath
The programme became part of the group's broader sustainability and net-zero strategy.
2014
Diversify into specialist alternative real estateStrategyBackground
Growthpoint sought to broaden its investment platform beyond traditional commercial property and access sectors with distinct demand and income characteristics.
Action taken
Growthpoint Investment Partners launched three unlisted strategies focused on African commercial property outside South Africa, South African healthcare property and South African student accommodation.
Aftermath
The initiative established specialist investment channels alongside the listed property portfolio.
Recent events
Growthpoint-developed Exxaro headquarters receives WELL certification[2]
The Growthpoint-developed Exxaro headquarters in Pretoria received Silver Level WELL Core and Shell Certification from the International WELL Building Institute.
Sources2 sources
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