Headquarters: South Africa — Commercial property investment / listed REIT

Growthpoint Properties

Also known as: Growthpoint Properties Limited, Growthpoint South Africa

South African listed property investment company with major commercial buildings and a stake in the V&A Waterfront.

Growthpoint Properties is a South African listed commercial property owner. It faced criticism over the purchase of Cape Town’s Site B land, and lost a 2019 attempt to obtain a final injunction against campaigners. A separate corporate-name dispute and valuation criticism are also documented, with no identified corporate criminal conviction.

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Profile No. 5973 · Updated on 7 November 2026

2Documented controversies

3Sources

0Formal charge · all time

0Conviction

§ Legal statuses reflect the documented sources as of the date shown; they replace neither court decisions nor the presumption of innocence. Counts are not a rating. Methodology

I. Documented controversies

Case · 2 documented stages

2019: court sets aside Site B protest injunction

Civil / administrative proceedings

2016–2019

2016–2019: price of public land sale at Site B challenged

No legal proceedings

After Growthpoint bought Cape Town’s municipal Site B land for R86.5 million, campaigners alleged it was undervalued by about R140 million. Growthpoint disputed the claim. A 2019 city investigation found no irregularity in the sale, though campaigners contested the development rights used in the valuation.

State of the evidence: Transaction, civic challenge and municipal inquiry documented publicly.
Legal status — source text: No related personal court proceedings established as of 7 November 2026.
Attribution: Alleged undervalued purchase of public land; no proven collusion.

Sources · 2

[1]
Daily MaverickControversial Site B not worth R227-million, insists Growthpoint Properties11 July 2019MediaHigh reliability
[2]
Daily MaverickDe Lille’s party takes Growthpoint sale dispute to the Public Protector5 July 2019MediaHigh reliability

Last verified: 7 November 2026

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June 2019

2019: court sets aside Site B protest injunction

Civil / administrative proceedings

Cape Town’s High Court declined to confirm the injunction obtained by Growthpoint against campaigners. It criticised the company’s failure to disclose material facts in the urgent application and ordered it to pay the interveners’ costs.

State of the evidence: High Court judgment of 28 June 2019 and GroundUp reporting.
Legal status — source text: Civil or administrative matter; not a personal criminal conviction.
Attribution: Material non-disclosure in urgent court application, leading to dismissal and costs order.

Sources · 1

[1]
GroundUpGrowthpoint loses court case against Reclaim the City28 June 2019MediaHigh reliability

Last verified: 7 November 2026

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II. Constellation of documented links

No documented link with another published profile for now.

Two profiles are linked when a documented controversy of one names the other. The link points to that controversy and its sources; it does not indicate a personal relationship.

III. Has something changed?

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Controversia profile, updated 7 November 2026. Latest version: https://controversia.info/en/fiche/growthpoint-properties