Equites upbeat about prospects as retailers pursue e-commerce
JSE’s only logistics specialist expects to grow full-year dividend by as much as 10%
10 October 2019 - 08:20
UPDATED 10 October 2019 - 17:49
Equites Property Fund, the counter that has a third of its asset base in the UK, says insatiable demand for warehouses by British companies has stopped its assets there from losing value amid Brexit uncertainty.
This is in sharp contrast to shopping centres and commercial offices there, which have been re-valued downwards as fewer retailers choose to rent large stores and companies shy away from moving into new offices...
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