Fortress’s defensive portfolio proves resilient
Property group’s focus on essential goods and services stand it in good stead, retail boss says
25 July 2023 - 13:13
Fortress Real Estate Investments, whose retail portfolio focuses on essential goods and services, says the defensive nature of its assets puts it in a strong position to weather the current storm of high inflation and interest rates.
Executive director Vuso Majija, who heads the group’s retail portfolio, said consumers will probably remain under pressure in the near term due to slow economic growth, high borrowing costs and below-inflation wage growth...
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