Growthpoint

Growthpoint Adds GSO Dandenong Office asset for $165m

Growthpoint Properties has exchanged contracts with Dandenong GSB Pty Ltd to purchase Government Service Office (GSO) Dandenong, an A-grade modern office asset located at 165-169 Thomas Street, Dandenong, Victoria for $165 million.

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Growthpoint Earnings up 7%

Growthpoint Properties Australia released its results for the six months ending 31 December 2021 revealing a 7.1% gain in funds from operations and an increase in valuations of 11.1%. Michael Green, Chief Investment Officer of Growthpoint, said: “Growthpoint has delivered robust results this half and is positioned for continued growth …

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Growthpoint Secures Olympic Park Office

Growthpoint Properties Australia has exchanged contracts with Charter Hall FLK Funds Management Limited to purchase a 100 per cent leasehold interest in an A-grade, modern office asset, located in a prominent position in Sydney Olympic Park for $52.0 million.

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Growthpoint See Strong Valuations Gains

Growthpoint Properties Australia has announced that its preliminary draft external valuations point to an average 7.7% increase on like-for-like assets with higher results in its industrial portfolios.

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Growthpoint rides wave of Industrial demand

With a portfolio weighted to metropolitan office and industrial properties, Growthpoint has enjoyed a strong 3rd Quarter with solid leasing success, particularly in the industrial markets.

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Growthpoint lifts Earnings but lowers Distributions

Growthpoint released their results for the 6 months to December revealing a lift in earnings, minimal COVID impacts and higher valuations, yet the Group also announced a lower distributions of -15%.

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Growthpoint Holds Firm

Growthpoint has held firm its soft outlook for FY21 despite making good progress in the leasing of Botanicca 3 building and collecting 99% of current rent billings.

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Bunnings Commit to Botanicca

Growthpoint Properties has confirmed that it has secured Bunnings as a key tenant for approximately 71% of the Botanicca 3 building at 570 Swan Street, Richmond, Victoria.

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