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.

The Industrial Property Market in 2021 is certainly not an easy one to predict. However, learning from the past year’s events gives us a good idea of what we can expect.

The JSE listed specialist logistics property fund, Equites, today officially announced that it has sold two high-quality UK distribution warehouses to real estate funds managed by Blackstone for £43,400,000, being a 4.79% net exit yield and 6% premium to Equites’ book value. 

JSE listed diversified real estate investment trust Redefine Properties (JSE: RDF) along with equity partners Madison International Realty and Griffin Real Estate in European Logistics Investment BV  and in joint venture with its strategic development partner Panattoni Europe.

Equites Property Fund Limited (“Equites”) has concluded heads of agreement with Africa’s largest fast-moving consumer goods retail operation, Shoprite Holdings Limited (“Shoprite”), to establish a strategic joint venture which will facilitate the unlocking of significant value for both parties.

Growthpoint Properties has completed the R185m first-phase of its new industrial park development on KwaZulu-Natal’s major logistics and transport corridor.

As per the Cautionary Announcement issued today, Investec Property Fund (IPF) is finalising the acquisition of the remaining interest in the Pan European Logistics (PEL) platform from funds managed by the Real Estate Group of Ares Management Corporation (Ares) or its affiliates.

Redefine Properties further enhances liquidity with sale of Strykow.

Equites Property Fund Limited (Equites) today announced an agreement with leading JSE-listed retailer Pepkor, to develop a 122 734 square metre logistics warehouse facility in Hammarsdale, KwaZulu Natal.

The R21 Corridor between Pretoria and OR Tambo is fast becoming Gauteng’s newest development node with many logistics and warehousing companies opting for space in some of the newly developed logistics and industrial parks in this area.

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