Fortress Reit set to have R20bn in logistics parks by 2026
The real estate investment trust says demand for logistics parks rather than warehousing is rising
08 April 2021 - 18:22
Fortress Reit, the JSE-listed real estate investment trust (Reit), is on track to have two thirds of its directly held property assets in high-end logistics, such as industrial parks, within the next three to five years, according to CEO Steve Brown.
In that market, the landlord will compete head-on with Equites Property Fund, the only pure logistics landlord on the JSE, as well as unlisted groups such as Improvon and JT Ross...
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