Fortress Real Estate Investments delivers strong 1H2024 results: Simplified capital structure and robust operational performance drive growth

Fortress REIT announced that their biggest logistics development to date was signed with Pick N Pay at their flagship premium-grade Eastport Logistics Park, close to ORT Airport in Gauteng.

Fortress REIT recently acquired two modern high-quality logistics parks in strategic locations in Poland.

Fortress Real Estate Investments, South Africa’s third largest REIT, announced today that its long-term strategy is paying off.  

Shoppers slowly began returning to shopping centres and malls after lockdown restrictions were eased slightly on May 1 and activity is expected to pick up further when the country moves to level 3 lockdown  from June 1 says Fortress REIT, the owner of 60 malls across South Africa.

Fortress REIT Ltd (JSE: FFA and FFB) welcomes the announcement yesterday by the Financial Sector Conduct Authority (FSCA) that there is no evidence of prohibited trading practices by related parties in relation to Fortress share trades.

Fortress REIT, the JSE-listed diversified property group, says the first phase of its White River Crossing development, a state-of-the-art retail and leisure centre near the Kruger National Park is nearing completion and is on course for its scheduled opening on 22 August 2019.