12 August 2019 - Equites has acquired a newly constructed 24,340m2 distribution centre in Glasshoughton, UK let to international sportswear brand Puma for £30mil.
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Company at a glance
Equites listed as the only specialist industrial property fund on the JSE on 18 June 2014. The company is a Real Estate Investment Trust (“REIT”) and both the property and asset management functions are managed internally.
The company aims to provide investors with pure exposure to high quality logistics properties let to investment grade tenants both in South Africa and the United Kingdom. The company has a proven ability to identify and acquire well located logistics assets that meet the requirements of large, institutional tenants. In South Africa, this is complemented with the in-house development of modern logistics facilities, enabled by strategic land
All the company’s assets are in proven logistics nodes near large population centres and major transport links that have predictable patterns of strong rental growth. The company focuses on premium 'big-box' distribution centres, let to investment grade tenants on long-dated 'triple net' leases, built to institutional specifications. The locations of preference are Cape Town and Gauteng in South Africa and the central Midlands and “last-mile” fulfillment centres near major conurbations in the United Kingdom.