Equites Park Atlanta Hills owns warehouse and distribution centres across SA. Picture: SUPPLIED
Equities manages 63 properties and had a portfolio worth R16.2bn at the end of August when many of its tenants operated as essential services, even as the Covid-19 crisis boosted demand for e-commerce and high-quality logistics space. The average collection rate in SA and the UK over the past six months was 99.1% and 100% respectively, Equites said, adding it expects its portfolio to remain resilient in coming months.
“The logistics asset class has proven to outperform in key global markets over time, and through careful acquisition and development activity, we have managed to unlock significant value for shareholders,” Equites said.
Source: Real Estate Daily Report (realestatedailyreport.net)
My quick economic fix for fast growth: 1-Remove racial BEE System 2-Reform the labour market 3-Leave property rights alone 4-Independent Reserve Bank 5-All Government farm land must be given to new black farmers 6-Reduce company tax from 28% to 18%! Mbulula VoetsekANC
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