Capital recycling benefits Fortress logistics growth
Company disposes of R1.3bn in assets and targets R2.5bn for disposal in financial 2024
03 September 2023 - 20:16
Over the past five years, Fortress Real Estate Investments grew its income-producing logistics assets from R8.8bn in June 2018 to R15.6bn in SA and Central and Eastern Europe (CEE).
For the 2023 financial year ended June, Fortress completed R3.5bn of new logistics developments, including the 163,533m² Pick n Pay distribution centre at Eastport Logistics Park (%20https:/www.businesslive.co.za/bd/companies/property/2022-04-18-fortress-forks-out-r44bn-on-flagship-development/) in Gauteng valued at R2.24bn...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.