Equites Property Fund, the only industrial real estate specialist listed on the JSE, has agreed to develop a distribution centre for global e-commerce giant Amazon in the UK, a major boost to its strategy of diversifying away from SA and taking on blue-chip tenants.

Equites expects the £41.3m (R846m) development in Peterborough, the UK, to be completed in October 2021, with the deal the second signed development deal to arise from its strategic partnership with UK property developer Newlands...

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