INVESTMENT BANKING | EQUITY CAPITAL FUND | 19 JANUARY 2021

Growthpoint Properties (Growthpoint) – R4.3 billion Accelerated Bookbuild

Absa | Corporate and Investment Banking > Insights and Events > Growthpoint Properties – ZAR 4.3 billion Accelerated Bookbuild
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Growthpoint Properties (Growthpoint) – R4.3 billion Accelerated Bookbuild

Growthpoint is the largest JSE primary listed REIT, with c.R160.5 billion in group property asset value.

In November 2020, Growthpoint raised ZAR 4.3 billion via an accelerated bookbuild. The capital raise ensured that Growthpoint was able to reduce its leverage and maintain its strong balance sheet to provide mobility for its ongoing development and investment activities.

Absa acted as joint Bookrunner for the R4.3 billion accelerated bookbuild.

Contact: Samira Hassanally, Head of Equity Capital Markets to find out more.

Absa-CIB-Author
Absa CIB Admin

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