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Growthpoint Student Accommodation expands with R1.5bn boost

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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 2024 2PM English South Africa Business News · Investing

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