South Africa’s Largest Landlord Plans R5.1 Billion Property Sell-Off
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One of Africa's biggest property owners is selling billions in real estate—but it's not a sign of trouble. The move is part of a major portfolio reshuffle focused on higher-performing assets.
Growthpoint Properties, South Africa's largest listed real estate investment trust, expects to dispose of R5.1 billion worth of properties during its 2026 financial year.
The company has already sold eight non-core assets valued at R2.9 billion as it shifts capital away from older office buildings and into stronger-performing retail, logistics and industrial properties.
The strategy reflects a broader repositioning of its portfolio to improve long-term returns while reducing exposure to weaker office assets.
Despite the asset sales, Growthpoint says vacancies are falling and leasing activity is strengthening, suggesting the portfolio overhaul is being matched by improving operating performance.
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