Tag Archives: GOZ

Growthpoint released their results for FY22 with Funds from operations (FFO) per security of 27.7 cents per security (cps), up 7.8% on prior corresponding period with an eye for further growth in FY23.

Growthpoint Properties Australia will acquire the Fortius Funds Management business in a $45m transaction which will add $1.9bn of funds under management to Growthpoint.

Growthpoint Properties Australia announced its distribution for the six months ending 30 June 2022, and upgrades its FY22 earnings guidance by 8% and revealed draft external valuations of its property portfolio are up 2.2%.

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.

Growthpoint Properties has secured the best mixed-use development in Melbourne's inner east’s suburb of Hawthorn for $125 million on an initial yield of 4.71%.

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 …

Growthpoint has provided a quarterly update with valuations gains and an earnings upgrade driven by strong leasing results and new acquisitions.

Growthpoint will increase exposure to the Industrial Sector with a $50m investment in units in APN Industrial REIT

Growthpoint released their annual results today reporting strong leasing at Botanicca, stable net income and higher valuations.

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.

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.

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.

EG has acquired two commercial office buildings at 6 Parkview Drive (Quad 2) and 102 Bennelong Parkway (Quad 3) in Sydney Olympic Park, NSW for $66.1 million.

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%.

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.