Growthpoint Healthcare launches with R2.4bn portfolio

Growthpoint Properties has launched South Africa’s first unlisted healthcare real estate investment trust (Reit), Growthpoint Healthcare Property Holdings, which already holds five assets valued at R2.4-billion. The introduction of Growthpoint Healthcare has received strong market interest with its first close attracting capital commitments of R285-million from third parties. It is expected to raise at least double that over the next year.