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South African REITs outperform global peers

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World class: South African REITs outperform global peers with 46.2% year-to-date surge

South African listed property is significantly outpacing the US, UK and Australia

In a global landscape marked by economic shifts and varying recovery speeds, the South African listed property sector has not just recovered, it has surged to the front of the pack. According to the latest Global Property Research (GPR) Market Update for November 2025, South African REITs are currently delivering some of the strongest total returns in the global real estate universe, significantly outpacing major developed markets including the United States, the United Kingdom and Australia.

Data released by GPR reveals that the South African listed property sector delivered a remarkable 9.7% total return in November 2025 alone, pushing its year-to-date (YTD) growth to an imposing 46.2%.

To place this in a global context, the Global REIT Index is up 12.0% YTD. While respectable, it trails the South African performance by a wide margin. The United States REIT market sits at 9.2% YTD, the United Kingdom at 10.3% and Australia at 22.9%. Even Japan, a strong performer in the Asian region, trails South Africa with a 27.4% YTD return.

A structural shift, not a short-term spike

While the short-term numbers are headline-grabbing, the underlying data suggests this is a structural re-rating of the sector rather than a momentary spike. The GPR data shows South Africa delivering a 44.7% return over a one-year period, confirming a sustained upward cycle.

Most telling, however, are the long-term horizons. On a three-year and five-year annualised basis, South African REITs have returned 20.6% and 23.6% respectively. In contrast, the global average over five years stands at just 7.3%, with the UK at -0.3% and Europe at 1.9%.

“The numbers we are seeing now are the dividends of discipline,” remarks Joanne Solomon, CEO of the SA REIT Association. “This performance reflects five years of rigorous execution by management teams across the sector. When faced with the headwinds of the pandemic and economic uncertainty, our sector didn’t just wait for the tide to turn. Management teams actively strengthened balance sheets, stabilised earnings and ruthlessly simplified portfolios to focus on core assets. What we are seeing now is the market pricing in that operational excellence.”

High returns without excess risk

A critical insight from the GPR report is the relationship between return and volatility. In investment terms, high returns are often accompanied by high volatility (risk). However, South Africa’s volatility rating over the last 36 months stands at 0.20, a figure entirely consistent with global norms.

For comparison, the volatility for the European composite is 0.18 and France specifically is 0.20.

“Investors are currently getting alpha returns with beta volatility, which means excellent growth coupled with average risk,” Solomon explains. “We are producing some of the highest returns in the global REIT universe, yet our risk metrics are in line with developed markets such as France and Belgium. It signals a mature, resilient market that is being driven by fundamentals rather than speculation.”

The macro tailwind

The sector’s resurgence coincides with a rapidly improving macroeconomic narrative for South Africa. With the country recently removed from the FATF grey list, a credit outlook upgrade from S&P and the momentum of a successful G20 despite a United States boycott, the conditions are aligning for increased capital flows.

South Africa’s invitation to join the Global Real Estate Alliance in 2025, a body representing 28 countries, has further cemented the sector’s relevance on the international stage.

The road ahead: From resilience to traction

As the sector pivots from a narrative of recovery to one of growth, the industry’s focus turns to the future.

The SA REIT Association will be unpacking these global trends and the future trajectory of the sector at its highly anticipated biannual conference on 12 February 2026 in Johannesburg.

The conference will feature Peter Verwer, a founding member of the Global Real Estate Alliance and a heavyweight in international property policy. His keynote presence underscores the increasing integration of South Africa’s commercial property sector into the global fold.

Demand for the event has been unprecedented, mirroring the sector’s performance.

“The theme for 2024 was resilience, but for 2026, the theme is clear traction,” notes Solomon. “The interest in our upcoming conference proves that the investment community is paying attention.”

Registration alert: Registration for the SA REIT Conference, proudly sponsored by Nedbank Corporate and Investment Banking’s Property Finance division, closes strictly on 12 December 2025. Due to high demand, fewer than 10 seats remain before the waiting list opens.

For registration and details, please visit the SA REIT Association website.

Investment note: What “alpha returns with beta volatility” means

In the investment world, the standard rule is that higher returns require higher risk. The current performance of SA REITs is notable because it breaks this rule.

Alpha (returns): Refers to an investment’s ability to “beat the market” or outperform benchmarks. SA REITs are currently generating significant alpha with a 46.2% return.

Beta (volatility): Refers to how much an asset’s price fluctuates compared to the overall market. High beta means a wild, risky ride while low beta means stability.

When we say SA REITs offer “alpha returns with beta volatility,” it means the sector is currently offering the “holy grail” of investing: Aggressive, high-growth (46.2%) while carrying the same average risk stability (0.20 volatility) found in slow-moving developed markets such as France or Belgium.

ADDITIONAL CONTEXT

The SA REIT Association’s monthly Chart Book is compiled and analysed by Ian Anderson, Head of Listed Property and Portfolio Manager at Merchant West Investments, who provides ongoing insight into the performance and trends shaping South Africa’s real estate investment trust sector.

The SA REIT Association Chart Books are available for download here.

The SA REIT Association’s biennial conference, proudly sponsored by Nedbank Corporate and Investment Banking’s Property Finance division, takes place on 12 February 2026 in Johannesburg. Register here.

Stor-Age raises R500 million in accelerated bookbuild

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Stor-Age raises R500 million in significantly oversubscribed accelerated bookbuild

 JSE REIT Stor-Age, South Africa’s leading and largest self storage property fund, today announced the successful raising of R500 million in an accelerated bookbuild. Following strong demand, the bookbuild was more than three times oversubscribed.

 The bookbuild, announced yesterday, saw R500 million of equity raised at a price of R17.90 per share, representing a 0.7% discount to the 30-day volume weighted average traded price.

The proceeds of the equity raise will be applied to support Stor-Age’s 2030 Property Strategy, where the Company looks to increase the South African portfolio to 90 properties and the UK portfolio to 70. The raised funds will enable the Group to continue taking advantage of development and acquisition opportunities in both markets and provide capacity for general corporate purposes.

The result of the accelerated bookbuild is a strong vote of confidence in the business and its strategy. Comments Stor-Age CEO Gavin Lucas, “We are pleased with the result of yesterday’s capital raise, which once again demonstrates both the high regard in which Stor-Age is held and the significant appetite for the Company’s stock. The capital raised will allow us to successfully continue with our strategy of growing our portfolio in both South Africa and the UK, adding quality and scale in both markets.”

Stor-Age’s pipeline, which includes new developments, selective acquisitions and conversions in high-growth urban and regional markets, consists of 19 properties, offering an estimated 78 000m² GLA. The equity capital raised will be used to fund the acquisition of two properties operated by Lock Up Storage in KwaZulu-Natal for R95 million. Located in Pinetown and New Germany, the two properties will expand the portfolio by 11 400m2.

Development of the Company’s new SA flagship property, located in De Waterkant, Cape Town, is scheduled to begin in early 2026 at a total development cost of R155 million (excluding land costs). It will be the most expensive self-storage property ever developed in South Africa as well as the tallest at 13 storeys.

Stor-Age continues to deliver excellent operational and financial results while deploying capital strategically to add quality and scale to its high-quality self-storage portfolio in South Africa and the UK.

The share closed yesterday at R18.15.

 

Fairvest delivers strong distribution growth

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Fairvest delivers strong distribution growth outperforming guidance

  • 11.2% growth in distribution per B share to 48.15 cents, exceeding the guidance of between 8.0% and 10.0%
  • Distribution of 142.57 cents per A share
  • A payout ratio of 100% maintained
  • Like-for-like net property income increased by 5.8%
  • Vacancies reduced to 4.1%
  • Rental reversion at 4.8%
  • NAV per A share grew 13.8% to R18.35
  • NAV per B share grew 6.2% to R5.16
  • Loan-to-Value reduced to 25.6%

Fairvest Limited announced its results for the year ended 30 September 2025, reporting an annual distribution of 142.57 cents per A share and 48.15 cents per B share, surpassing the guidance provided to the market. Chief Executive Officer Darren Wilder commented that: “These results demonstrate the disciplined execution of a clear strategy coupled with a strong operating platform that will continue to deliver future growth.”

 Strong operational performance continues

Fairvest has delivered another year of excellent progress, reducing vacancies to 4.1% from 4.3%, and achieving a like-for-like net property income growth of 5.8%. Positive rental reversions improved from 3.6% to 4.8%. The company experienced positive letting activity, concluding 537 new deals and 504 renewals during the year, achieving an overall tenant retention rate of 83%. Average gross rent increased by 5.2% to R134.18 per square metre. The weighted-average lease escalation across the portfolio held steady at 6.7%, while the weighted-average lease term extended to 30.1 months. The Group continued to invest in its property portfolio during the reporting period, with total capital expenditure of R288.9 million, including R33.8 million for further solar initiatives. Property expenses were exceptionally well-managed, with growth limited to 2.6%, despite being primarily driven by above-inflation municipal cost increases. Fairvest received a dividend of R123.3 million for the year from its 23.6% stake in Dipula Properties Limited.

Portfolio adjustments reflect the strategic vision

Fairvest acquired seven retail properties during the year, valued at R1.15 billion: Thembalethu Square, Shoprite Manguzi, Ulundi Shopping Centre, and Nquthu Shopping Centre have transferred, while Eyethu Junction, Jozini Mall, and Tugela Ferry Mall are expected to transfer in the new financial year.  Three disposals of industrial and office assets valued at R99 million were also concluded. Two have transferred and one is expected to transfer in January 2026. These transactions are well aligned with Fairvest’s strategy to create a retail-only fund focused on non-metropolitan retail assets situated near commuter nodes and transport interchanges, with strong national anchors that cater to previously underserviced markets throughout South Africa. It aims to achieve this by improving the quality of and recycling non-core assets. Retail assets already represent close to 71% of Fairvest’s revenue and value, with offices and industrial assets comprising the remainder.

Investment in township fibre infrastructure sets a new standard

Fairvest is the market leader in the REIT sector in integrating digital infrastructure assets with traditional retail property assets. The company has invested R477 million in a subsidiary, Onepath Investments, which acquires de-risked fibre infrastructure in townships. This infrastructure is leased to a fibre network operator to supply high-quality internet to township homes and communities. Digital inclusion for underserviced communities opens up opportunities in education, employment, entrepreneurship, and entertainment, helping these communities thrive. This not only strengthens Fairvest’s core retail market but also gives the company access to data, insights, and new retail opportunities within its existing portfolio. The rental income also provides an attractive, accretive dividend yield for Fairvest, exceeding 12% of invested capital.

Significantly improved debt metrics

At year-end, the Group had loans amounting to R3.9 billion, with an average maturity of 2.5 years. After deducting cash and cash equivalents, the loan-to-value (LTV) ratio was 25.6%, down from 33.3% last year. This LTV ratio remains comfortably below the Group and portfolio LTV covenant limit of 50% for its facilities, with an interest cover ratio of 3.1 times, which is significantly above the 2 times coverage required by its funders.

The weighted average interest rate for the year declined to 9.05%. As of September 2025, Fairvest had approximately R1.3 billion in cash and available undrawn debt facilities for growth initiatives. The Group has interest rate swaps of R3.7 billion, with 93.6% of its debt hedged. These swaps have a weighted average maturity of 1.1 years.

Environmental, Social and Governance projects advancing at pace

The Group has made significant progress in its integrated backup power strategy to ensure business continuity during adverse conditions. Currently, approximately 47% of the portfolio GLA has access to either partial or complete backup power.

A further R33.8 million was invested in renewable energy this year, with 52 solar plants now fully operational, and a total installed capacity of 23.3MWp. These plants generated clean, renewable energy valued at R60.3 million, meeting about 14.3% of the combined portfolio’s electricity needs during the period. An additional 10 plants with a capacity of 2.7 MWp are at various stages of feasibility assessment, approval, and implementation. Ten fuel saver systems have been installed, integrating solar plants with generators to reduce diesel consumption and increase renewable energy use during power outages.

A series of water management and conservation projects is underway, including 24 operational groundwater harvesting plants and the strategic deployment of smart monitoring devices across 36 properties to facilitate early leak detection.

A positive outlook with increased guidance

The Group starts 2026 strong, supported by solid performance and strategy execution. Portfolio fundamentals are stable with low vacancies, better tenant quality, and strong like-for-like net property income growth across sectors. Improvements in the national electricity grid, easing inflation, and moderating interest rates have boosted operating conditions. However, ongoing municipal service issues and the broader macroeconomic environment remain risks.

The portfolio remains resilient and positioned for growth. We continue to transition towards retail, with a commitment to entering acquisitions and disposals only at the right price. Distributable earnings per B share are expected to rise by 9%-11% in 2026, with A share dividends growing by the lesser of 5% or CPI, in line with the Memorandum of Incorporation. The Board will keep the dividend payout ratio at 100%, subject to bi-annual review.

 

Vukile delivers strong first half and upgrades full-year guidance

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Vukile Property Fund (JSE: VKE) delivered a sterling set of results for the six months to 30 September 2025, outperforming guidance and upgrading full-year expectations. Vukile increased its half-year dividend per share (DPS) by 9% and increased its guidance for the full 2026 financial year to growth of at least 9% in both DPS and funds from operations (FFO) per share.

“These results show what a focused strategy, disciplined execution and strong operating platforms can deliver in the right environments, while also laying the foundation for further growth,” says Laurence Rapp, CEO Vukile Property Fund.

Vukile, the leading customer-centric specialist retail real estate investment trust (REIT), holds a total of R54 billion in property assets. Approximately two-thirds of its assets and net property income are generated in two of Europe’s major economic drivers, Spain and Portugal, through its 99.6%-held subsidiary, Castellana Properties. Its South African portfolio of township, rural, urban and commuter malls serve some of the country’s most compelling consumer markets.

Vukile’s operational strength is evident across its well-located, high-performing shopping centres. Both portfolios delivered excellent performance, with like-for-like net operating income growth (NOI) of 10% in South Africa and 8.7% in Iberia.

The South African portfolio continues to deliver consistent outperformance, benefiting from driving operational efficiencies and an improved macroeconomic environment

“Strong top-line growth is supported by proactive cost management and sustainability initiatives, encompassing both electricity and water, that operate as a growing profit centre for Vukile,” notes Rapp, adding, “Structural changes, particularly around electricity supply, are most certainly making the operating environment better than it’s been in a long time and this is starting to bear fruit.”

The retail portfolio value increased by 5.9% to R17,7 billion. Vacancies remain exceptionally low at 1.8%, supported by active letting with rental on the new deals increasing by a pleasing 5%. The portfolio continues to deliver positive rental reversions, edging upwards by 2.5%. Nearly 85% of space is let to national retailers.

Increased promotional activity driven by Vukile’s shopper-first approach boosted footfall and sales growth. The total portfolio recorded trading density growth of 5.4%, with the township and rural portfolio outperforming at 5.9%. Portfolio footfalls grew by 1.9%.

The redevelopment of Mall of Mthatha has added significant value to Vukile’s South African portfolio, transforming the centre into a top-tier retail destination. Since being acquired in May 2024, the mall’s turnaround has delivered measurable gains with the asset value up by nearly 40%.

Sustainability as a profit centre

Vukile further reduced its South African portfolio cost-to-income ratio from 15.3% to a record-low 12.5%, reflecting the benefit of additional solar PV installations and targeted efficiencies.

The retail REIT’s solar PV rollout in South Africa has been highly successful, boosting margins and advancing its path to carbon neutrality. Vukile has a solar PV capacity of 38.2MWp across 41 installations, adding 2.23MWp during the six months. A further 4.42MWp is presently under construction, progressing towards a total target of 10.6MWp for the year, at attractive yields.

Castellana achieves market-leading results

Spain continues to be a major economic engine in Europe, with GDP projected to grow by up to 2.9% in 2025. The economy is being driven by strong household consumption, a resilient labour market with rising wages and the lowest unemployment in nearly 20 years, and record-breaking tourist arrivals and spending. Inflation is easing gradually, and population growth is mainly from skilled immigration.

Portugal’s economy is on track to grow by up to 2.4% in 2025, driven by rising private consumption and historic high employment levels with wages expected to rise. Inflation has eased to 2.4%, while household finances continue to improve, with higher savings and lower debt. Tourism is heading for a record year, boosting demand in key regions such as Lisbon and Madeira.

“The Iberian portfolio continued to perform in a league of its own delivering outstanding operating metrics. Our newly acquired Portuguese assets have been successfully integrated, with value-add projects identified set to drive further momentum,” reports Rapp.

Castellana’s EUR1.8 billion portfolio remains effectively fully let, with marginal vacancies of 1.3% and more than 95% of space let to blue-chip international and national tenants.  It achieved positive rental reversions and new lets of 7.5% (9.55% in Portugal, 7.12% in Spain), representing impressive growth in real terms, and well ahead of economic growth in both cases. The portfolio has a weighted average lease expiry of 8.9 years. Excellent trading metrics saw footfall up 3.5% and sales increasing by 4.2%.

Balance sheet strength and capital allocation

Vukile has significant liquidity of nearly R7.65 billion available to deploy into suitable growth opportunities. It has an active pipeline of financially accretive and strategically aligned deals in Iberia and South Africa, which it expects to close by mid-2026.

GCR upgraded Vukile’s credit rating to AA+(za) with a stable outlook, while Fitch upgraded Castellana’s rating to BBB, with both promotions signalling confidence in strategic direction, financial strength and operational excellence.

The REIT continues to focus on recycling non-core assets as a way of funding further expansion in its core markets, with a number of deals in progress.

In South Africa, it is acquiring 50% in Chatsworth Centre from Sanlam, which will remain a co-owner, with a R620 million investment representing an 8.75% yield. The 42,400sqm dominant centre in the KwaZulu-Natal community of Chatsworth is a strategically aligned, high-performing asset and expected to transfer in December 2025. Vukile is also well advanced in due diligence for another township mall acquisition.

Strength through strategic execution

Vukile entered the second half of its financial year in a strong position, well placed to deliver its upgraded guidance and continue its market-leading performance.

“Following our successful capital raise and ongoing strategic asset rotation, we’re ready to unlock an exciting pipeline of deals and projects. We’re focused on value-add opportunities, operational excellence and disciplined growth, always aligned with our strategy. Our goal is to deliver sustainable, real earnings growth for our shareholders across all time horizons,” concludes Rapp.

 

Heriot REIT launches new student accommodation development

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Ground officially broken on The Fibonacci: Heriot REIT launches construction of new student accommodation development in Cape Town

Cape Town continues to face a pronounced student housing shortage. Published sector data shows that the central city offers roughly 13 670 beds while serving a combined student population of almost 75 000, leaving a considerable shortfall. Against this backdrop, Heriot REIT Limited, celebrated a significant milestone with a sod-turning ceremony marking the beginning of the construction phase of its new student accommodation development, The Fibonacci, in Mowbray, Cape Town. The project driven by the experienced Heriot REIT development team: Steven Herring, Grant Elliott, and Daryl Sher, responds directly to the city’s growing demand for quality, accessible student housing, particularly for students attending the University of Cape Town (UCT) and neighbouring institutions.

Located just 1.5 km from UCT and within close reach of Damelin and CPUT, the development offers strong connectivity for students. The Fibonacci sits along the well-used Jammie Shuttle UCT bus route and is within walking distance of the local Metrorail station, making it a convenient and accessible residence for students moving around the city.

Once complete, the nine-storey development will provide 574 contemporary student residential units, supported by an integrated lifestyle offering that includes ground-floor retail, co-working spaces, parking, a gym, rooftop terrace and padel courts. A Shoprite Checkers store will anchor the retail component, ensuring a convenient on-site amenity for residents and strengthening the development’s standing within the Mowbray neighbourhood. A limited number of apartments for sale launched at R1.195 million.

The Fibonacci falls within an Urban Development Zone (UDZ), giving qualifying investors access to the Section 13(6) tax incentive — a factor that has further enhanced the commercial appeal. Sales and investor engagements have been driven by Flyt Property Investments and Revo Property Group.

According to Darryn van der Poel of Flyt Property Investments, the joint marketing agent alongside Revo Property Group, “Demand has exceeded expectations.” “Of the allocation released to market, we are already 100% sold out. The investment case speaks for itself, with both rental demand and rental growth remaining consistently strong.”

The balance of the units, 400 in total, will remain within the Heriot investment portfolio as rental stock.

Speaking at the site inauguration, the City of Cape Town’s Mayoral Committee Member for Economic Growth, Alderman James Vos, highlighted the importance of private-sector collaboration: “Cape Town is buzzing with investor confidence, and it’s wonderful to see private-sector partners driving exciting developments like The Fibonacci. These projects show the real momentum in our city. As the City of Cape Town, we’re backing this investment wave all the way through our Ease of Doing Business programme and dedicated support services, because when developments like this take root, they create jobs, boost local businesses, and help our economy thrive.”

Grant Elliott, who leads the project for Heriot REIT, emphasised both the long-term vision and local impact of the development: “Reaching this milestone is the culmination of a decade of planning, commitment and collaboration. It is particularly meaningful to see the impact this project will have — not only in supporting the Cape Town and Western Cape economies, but also in contributing positively to the surrounding community and neighbourhood.” Elliot added that The Fibonacci reflects Heriot REIT’s commitment to delivering high-quality residential solutions while contributing to broader urban upliftment: “Our focus has always been on creating well-located, well-integrated developments that add lasting value. The Fibonacci will not only house students — it will support local commerce, revitalise an important node, and help address a critical accommodation shortfall in the region.”

The management of the student rental, operations and resident-community experience will be overseen by Proper Living, a specialist in student accommodation and community-centred property management in Cape Town. An on-site property manager will also be appointed to oversee maintenance, access and security as well as student support services within the building.

Local ward councillor Yusuf Mohamed, who also attended the groundbreaking ceremony, said that the neighbourhood had long awaited a development of this scale: “The community has been waiting for this progress and the upliftment it will bring. The Fibonacci represents positive momentum for Mowbray and the broader area.”

Construction is scheduled to commence in January 2026, with completion targeted for late 2027.

 

 

Growthpoint celebrates 2025 SACSC Footprint Marketing Awards

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Growthpoint celebrates 19 awards at the 2025 SACSC Footprint Marketing Awards

Eight Growthpoint shopping centres across four provinces recognised for marketing excellence

Growthpoint Properties (JSE: GRT) has been recognised with 19 awards across eight retail centres at this year’s South African Council of Shopping Centres (SACSC) Footprint Marketing Awards, which honour excellence and innovation in retail property marketing.

 The SACSC Footprint Marketing Awards acknowledge campaigns that demonstrate creativity, strategic insight and measurable impact within the shopping-centre industry. They recognise marketing that drives real business results across twelve award categories – from community engagement and retailer productivity to digital innovation and sustainability.

This year’s programme attracted 276 entries, with 135 awards presented to campaigns that set new benchmarks for success. For Growthpoint, the results underscore both the strength of its marketing talent and the consistency of its national retail strategy.

“While some of our centres regularly entered the awards in the past, this year we actively encouraged every retail marketing team in our portfolio, whether in-house or agency, to enter the Footprint Awards across a full range of our centres,” says Gavin Jones, Head of Retail Asset Management at Growthpoint Properties.

Jones adds, “We wanted to showcase the innovation and impact that our amazing teams deliver every day at centre level. We chose the SACSC Footprint Marketing Awards as a respected forum that honours excellence and raises retail property marketing to new heights. Seeing so many of our centres and their teams recognised on a national stage reinforces that decision and highlights the strategy and creativity that runs across our portfolio.”

The judging process is both rigorous and industry-led, involving a panel of more than 30 experts from across the retail, marketing and property sectors in South Africa and abroad. Judges include marketing directors, asset managers, agency leaders and international retail specialists who evaluate each entry for its creativity, execution, strategic alignment and measurable results. This multi-disciplinary approach ensures that the Footprint Awards recognise marketing excellence that genuinely advances retail performance and community engagement.

Diverse campaigns, national recognition

 Growthpoint’s awards span shopping centres in four South African provinces and multiple marketing disciplines, celebrating initiatives that go beyond traditional retail promotion to foster community engagement, local enterprise development and experiential retail.

Among the highlights:

  • Brooklyn Mall (Pretoria) achieved nine awards across multiple categories for its Ballet & Bubbles, Curated Collection – 67 Blankets and Denim by Design Welcomes Levi’s campaigns. Brooklyn Mall led the achievements with nine awards, making it one of the most decorated centres in this year’s programme.
  • Festival Mall (Kempton Park) was recognised for its Retail Academy community initiative.
  • Waterfall Mall (Rustenburg) received Silver and Bronze awards for Grow Your Small Business, promoting local entrepreneurship.
  • Northgate Shopping Centre (Johannesburg), Longbeach Mall (Cape Town) and Musgrave Centre (Durban) were all honoured for campaigns that strengthened community ties and revitalised their retail environments.
  • Alberton City Shopping Centre earned a Bronze award for A Queen Taking Her Throne, celebrating local talent and creativity.
  • Co-owned Vaal Mall (Vanderbijlpark) secured three Bronze awards for its “All White” themed lifestyle event and campaign.

 Together, these results demonstrate the depth and diversity of Growthpoint’s marketing excellence across South Africa’s retail landscape.

“These results reflect great marketing but also show how our centres create experiences that connect people, support retailers and contribute positively to local communities,” adds Jones. “We’re proud to see our teams driving initiatives that combine commercial success with genuine social impact.”