Leadership
Growthpoint Properties
to spread the concept of REITs globally, and to assist existing REIT jurisdictions in driving harmonisation, improved regional regulations and taxation. “It’s in everybody’s interest that there is improved tax dispensation on a global basis so that income flows around the world
“In contrast, the reason Eastern Europe has been so successful in attracting investment is that through structuring (not REIT legislation), investors pay hardly any tax, so you’re getting a reasonable yield deal. The amount of development that South African capital has driven in Eastern Europe is monumental for the
Industry initiatives are not confined to the domestic front. Estienne recently returned from the EPRA conference in Sweden. EPRA (European Public Real Estate Association) represents Europe’s listed property companies.
and countries get the benefit of capital. Sweden for instance is the third largest property market in Europe from a listed perspective, but they don't have REIT legislation and struggle to get foreign investors to invest. The tax leakage is way too high so it makes no sense for a foreign REIT to invest there.
“The main purpose was to create the Global REIT Alliance. The objective is
It’s in everybody’s interest that there is improved tax dispensation on a global basis so that income flows around the world and countries get the benefit of capital.
The Place, 1 Sandton Drive, Growthpoint's Johannesburg Head Office
October 2025 | Issue 141 | Asset Magazine 239
238 Asset Magazine | Issue 141 | October 2025
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