Growthpoint launches first residential development

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Growthpoint launches first residential development
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Kent will be a R140m housing project located next to La Lucia Mall, KwaZulu-Natal

Growthpoint Properties, SA's largest landlord with exposure to R157bn of assets across five countries, has launched its first residential development — a housing project for young professionals, retirees and small families starting out.

Listed property groups have started to embrace residential property as an investment-class asset in recent years. While only about 1% of commercial real estate owned by listed funds is residential, this number is growing. ..A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.

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