Growthpoint Properties raises $275m to refinance Capital & Regional acquisition

Aidan Gregory

November 12, 2020 09:00 AM

Johannesburg_PA_2_575_375 — The view from the 52th floor of the Ponte City Tower in Johannesburg's borough of Hillbrow, South Africa, 18 May 2016. Residents have to pass the turnstiles, their fingerprints are used as 'keys' to the building. The Ponte City Tower was long considered the highest urban slum of South Africa and was known for blood and thunder. Photo: Julia Naue/dpa | Julia Naue/DPA/PA Images

South African commercial landlord Growthpoint Properties has sold R4.3bn ($275m) of new shares to fund deleveraging, including repaying debt used to finance its acquisition of Capital & Regional at the end of 2019.

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Topics

Africa Equity JP Morgan Equity South Africa ABBs-Block Trades Emerging Markets EM - Africa EMEA Africa Goldman Sachs

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Aidan Gregory