Shoprite and Equites start R4.1bn joint venture

Specialist high-end warehouse owner Equites Property Fund is going into business with retail giant Shoprite, creating a joint venture worth more than R4bn, giving the property company exposure to some of the best distribution centres on the continent.

Equites CEO Andrea Taverna-Turisan said the joint venture agreement was a “landmark deal” for Equites.A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Times Select.

Joint venture of exploitation?

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