Demand for distribution warehouses is on the rise as more retailers are recording surge in their online sales.Equites Property Fund said Covid-19 had given its business a boost as demand for warehouses spiked.Equites said landlords may need to start making real estate decisions for e-commerce a lot sooner than they thought a year ago.
The owner of the Waterfall Precinct specialises in the top-end of the logistics sector and owns last mile distribution centres and warehouses in the UK and South Africa, whom it credited for the 99% rental collection at a time when most landlords are forced to nurse their ailing clients. The Equites team in the UK say there is a consensus that online sales will increase to about 50% of all sales in the next five to 10 years.
Source: Real Estate Daily Report (realestatedailyreport.net)
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
China’s imports surge as trading partners lift pandemic restrictionsStrong trade performance suggests China is making a brisk recovery from the pandemic boosted by government support
Source: BDliveSA - 🏆 12. / 63 Read more »
Source: City_Press - 🏆 7. / 72 Read more »
'Third joint coach?' Fans weigh in on Steve Komphela's Sundowns roleFans are looking forward to more Komphela proverbs at Sundowns. Was Pitso's boots too big to fill? I'm beginning to doubt Motsepe's ability as an astute business man. How can you put three bulls in one kraal? His business successes might very well be due to something else other his abilities 🤷♂️ Komphela Julio Caesar 🤣😂 Sundowns will see sh**t. These kom pela mampara is going to spoil MR PITSOS JOB.
Source: TimesLIVE - 🏆 28. / 59 Read more »
Wimpy is trending, and it’s not for their burgers or milkshakesFast food restaurant Wimpy landed on the Twitter trends list this week. Shame Wimpy Hiring of illegal foreigners. One by one, all businesses that exploit foreign nationals & break SA labour laws will be forced to account. Next is the chief culprit wendyalberts
Source: IOL - 🏆 46. / 51 Read more »
More than 10 million early votes in U.S. presidential electionU.S. voters have cast more than 10 million votes for the Nov. 3 presidential election, significantly outpacing the early vote in 2016.
Source: SowetanLIVE - 🏆 13. / 63 Read more »
Ramaphosa links economic recovery to his anti-corruption drivePut support for anti-graft drive alongside economic reforms We are waiting for it on the 15th The long list of those who didnt pay tax for the donation they received from or made to the CR17BankStatements slush fund should..... Really?!
Source: IOL - 🏆 46. / 51 Read more »