Equites to spend R1.16bn on developing Shoprite logistics park in KwaZulu-Natal
The transaction is in line with the company’s growth strategy in SA and Shoprite’s supply chain optimisation
16 February 2023 - 17:49
JSE-listed Equites Property Fund, the specialist owner and developer of prime logistics assets in SA and the UK, will, through a sale and development lease agreement, spend R1.16bn on acquiring and developing a prime logistics park for retailer Shoprite in KwaZulu-Natal.
The company with low vacancies will expand its portfolio to meet growing demand from tenants and enable Shoprite to optimise its supply chain. ..
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