Growthpoint FVE Upgraded to AUD 3.20 as it Progresses Pivot to Office
Following years of planning, Growthpoint has hit the trigger on the development of two A-grade office towers, totalling 19,300 square metres at its Botanicca Corporate Park in Richmond, 8 kilometres to the east of Melbourne's CBD. The development is scheduled to complete in late 2020 and project metrics look attractive underpinned by robust growth in effective rents for Melbourne fringe office. Vacancy in Melbourne's inner east is exceptionally low, stated at 4% by Knight Frank. The site has sol...Growthpoint Properties Australia is engaged in property investments, focusing on Australian property in the industrial, office and retail sectors. As of June 30 2016, Co.'s industrial portfolio had 38 properties with a total lettable area of 874,156 square meters and Co.'s office portfolio had 20 properties with a total lettable area of 235,389 square meters.
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