ATTACQ has announced a joint venture with industrial-focused Equites Property Fund, saying it values Equites’s expert industrial management skill.Attacq CEO Morné Wilken said the company was also impressed with Equites’s ability to find developable areas with promising returns.Equites would acquire eight industrial and logistics-focused buildings in Gauteng’s growing Waterfall City. The groups would also commit to developing and managing assets together.The deal for the eight buildings is worth R728m.Attacq would own 20% of the joint venture, and Equites 80%, said Equites chief financial officer Bram Goossens.Wilken said on Tuesday Equites had strong expertise in terms of managing industrial assets."The transaction forges a strategic partnership between Equites and Attacq for the purpose of jointly pursuing opportunities in the industrial property sector in and outside of SA. The parties will be able to pursue and unlock certain greenfield developments around SA, which is consistent...
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