Deals
Growthpoint Properties, refinancing and additional facilities

South Africa | Real Estate | Real Estate finance

Mar 23, 2016

Standard Bank’s Real Estate Finance division successfully negotiated the refinancing of  expiring debt facilities totalling ZAR1.25 billion. In addition, new facilities of ZAR1 billion were advanced to Growthpoint Properties Limited. Standard Bank was able to structure an innovative and competitively priced funding solution that met Growthpoint’s funding requirements whilst also securing a DCM mandate for the Bank. This DCM mandate was later successfully executed.

 

Growthpoint Properties is the largest listed Real Estate Investment Trust (REIT) by market capitalisation in South Africa. It is also a JSE ALSI Top 40 Index company. It owns a diverse portfolio of properties across the major precincts of office, retail and industrial space in South Africa. It also has a significant investment in Growthpoint Australia (GOZ) which has investments in the office and industrial sectors.

 

Standard Bank was able to effectively combine the right people, technology and capabilities to deliver commercial success for their clients.

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