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Growthpoint Healthcare adds Johannesburg Eye Hospital to its portfolio

Growthpoint Healthcare REIT has successfully completed the R106.4m acquisition of the Johannesburg Eye Hospital in Northcliff. ....

South Africa , South Africans , Linda Sigaba , Johannesburg Eye Hospital , Medwedge Stepdown , Healthcare Property , Growthpoint Healthcare ,

More homes and shops being built in Western Cape to meet people's needs

More homes and shops being built in Western Cape to meet people's needs
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Office vacancies increase as work-from-home uncertainty continues, says Growthpoint

Uncertainty around the future of work-from-home and moves by companies to cut their amount of office space has resulted in a jump in office vacancies for Growthpoint, SA’s largest listed property company. ....

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Growthpoint's healthcare fund tops R3.2bn with Cintocare Hospital acquisition

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Specialist facility in Tshwane is Africaâs first green-rated hospital.
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The hospital is able to generate its own oxygen on demand and has a fully robotic pharmacy that delivers medication via chutes. Image: Supplied
Almost three years after establishing a healthcare-focused property fund, Growthpoint Properties has developed and âsoldâ its first greenfields hospital in South Africa â a new high-tech facility in the capital city.
Growthpoint â the largest primary-listed real estate investment trust (Reit) on the JSE â spent R470 million to develop the Cintocare Hospital in Tshwaneâs burgeoning Menlyn Maine green precinct.
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Growthpoint's Cintocare is first green-rated hospital in Africa

Growthpointâs Cintocare is first green-rated hospital in Africa
By Edward West
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CAPE TOWN - GROWTHPOINT Properties is selling its newly developed specialist surgical hospital in Pretoria, Cintocare Private Surgical Hospital, to its 61.8 percent held subsidiary Growthpoint Healthcare Property Holdings for R515.6 million cash.
The 11 000mÂ², seven-floor, specialised surgical hospital development by Growthpoint Properties and Cintocare is the first 5-star-rated green hospital in Africa, and only the fifth in the world with its specialised surgical mix and clinical business model.
Growthpoint chief executive Estienne de Klerk said in a presentation yesterday that they had developed the hospital on budget for R470m, and the hospital had opened on December 1 after a delay of about two months in the opening due to the Covid-19 pandemic. ....

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