Specialised industrial property owner Equites Property Fund says it is interested in buying high-end warehouses from national retailer Shoprite, which wants to sell its R7bn property portfolio to raise cash.

While Equites CEO Andrea Taverna-Turisan did not elaborate on potential deals with Shoprite, he said the retailer’s portfolio would be very attractive to listed funds. “They have best-in-class distribution centres and we certainly would be interested.” 

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