Growthpoint

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.

Growthpoint has sold an Industrial asset in Broadmeadows for $50.2m to LOGOs.

Growthpoint enjoys 2% growth in FFO and valuation gains of 5% but the recently completed Botanicca likely to remain vacant for some time.

Growthpoint Properties announced that it has entered a new $100 million debt facility, split into two equal tranches of five and seven years, with a new banking partner.

With only 4% of tenants in the SME space, Growthpoint has re-assured the market that its property portfolio is well positioned to withstand the immediate challenges of COVD19.

Disruptions from COVID-19 to the last quarter FY20 and into the net financial year will be challenging for Growthpoint.

Growthpoint Properties released their half year results today with funds from operations up just 0.8% per security and re-affirming guidance for the balance of the year.

Growthpoint has entered into a new 25-year lease with the NSW Police and will spend $44m to enhance the asset.

In a quick flip by Frasers, Growthpoint has entered into a $40m contract to acquire a 5.0ha site in Truganina. The site is in the Wyndham Industrial Estate being...

Growthpoint announced today a fully underwritten capital raising of $150m to support its new opportunities despite maintaining gearing below its target range. The...

Growthpoint Properties advised this week that FFO per stapled security guidance for FY19 has been upgraded and is now expected to be at least 25.0 cents per stapled...

Growthpoint reaffirmed their guidance for FY19 following continued progress in the 1st Quarter of 2019. Growthpoint expect FF0 per security of 'at least’ 24.6 cents...

Growthpoint Properties have confirmed the sale of two of their non core assets this week for $45.2M. The two assets were earmarked for disposal to allow Growthpoint...

Growthpoint Properties released their results for the 6 months to 31 December 2018 this week showed further progress of Growthpoint’s strategy to own well-leased...

Growthpoint held it's AGM meeting this week and also announced the acquisition of 100 SkyRing Terrace and a capital raising process. Annual General Meeting Growpoint...