Equites plans billions of rands worth of new logistics developments amid zero vacancies

Equites Property Fund has a R2.7 billion pipeline of new developments earmarked for SA alone, saying it will be bringing nearly a quarter of a million square metres of new prime logistics space to market over the next 18 to 24 months.

This comes as the logistics property-focused group reached an enviable milestone of zero vacancies in its South African portfolio when it reported results for the six months ended 31 August 2022 on Wednesday.  The group, which is one of the top-rated real estate stocks on the JSE, has a host of blue-chip tenants, among them Foschini owner TFG, Nestle, Pick n Pay and Shoprite. It operates in SA and the UK.