Shoprite and Equites start R4.1bn joint venture
Retailer will transfer a distribution centre and land to the deal with the property fund
Specialist high-end warehouse owner Equites Property Fund is going into business with retail giant Shoprite, creating a joint venture worth more than R4bn, giving the property company exposure to some of the best distribution centres on the continent.
Equites CEO Andrea Taverna-Turisan said the joint venture agreement was a “landmark deal” for Equites...
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