Growthpoint has a V&A Waterfront valuation problem
Daily Maverick | 14.09.2026 02:01
If you look at the total universe of listed property companies on the JSE, you’ll find NEPI Rockcastle at the top of the pile with a market cap of R102-billion. But because this enormous real estate investment trust (REIT) is dual-listed on the JSE and the Euronext Amsterdam, Growthpoint is given a juicy PR loophole that allows it to claim the title of being the largest primary-listed REIT on the JSE (with a market cap of R55-billion).
