Property Development Investments

Fortress REIT Limited, the diversified property group, plans to grow its logistics-focused properties to two thirds of its total portfolio by 2020 as it forges ahead with a raft of new developments worth a combined R1.5 billion.

The Johannesburg-based REIT currently owns 100 logistics-focused properties, comprising approximately 42% of its total portfolio. The remainder includes retail (35%), industrial (13%) and office (10%) properties. Fortress plans to rebalance this overall portfolio mix to two-thirds logistics and one-third commuter-focussed, rural retail properties over the next two years.

“The rebalancing of our property portfolio towards a mix of roughly two thirds logistics and one third commuter and rural retail is a reflection of where we envisage growth in the foreseeable future,” said Mark Stevens, CEO of Fortress. “With the new-found optimism in the country we have seen a noticeable increase in interest from prospective tenants across our entire portfolio. However, we believe the logistics and rural retail space offers the best opportunity to capitalise on this growth.”

New Developments

Eastport Logistics Park

Province: Gauteng
GLA: 500 000

Clairwood Logistics Park

Province: KwaZulu-Natal
GLA: 358 000

Cornubia Ridge Logistics Park

Province: KwaZulu-Natal
GLA: 112 000

Long Lake Logistics Park

Province: Gauteng
GLA: 105 000
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Retail Properties

Galleria (25% interest)

Province: KwaZulu-Natal
GLA: 88 443

Arbour Crossing (25% interest)

Province: KwaZulu-Natal
GLA: 39 786

Evaton Mall

Province: Gauteng
GLA: 36 169

Weskus Mall

Province: Western Cape
GLA: 33 525

Office Properties

Monyetla Office Park

Province: Gauteng
GLA: 17 535

Fourways Office Park Fourways

Province: Gauteng
GLA: 15 156

Oxford Manor Illovo

Province: Gauteng
GLA: 12 722

Kildrummy Office Park Paulshof

Province: Gauteng
GLA: 11 944
Youtube Videos

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Fortress REIT Secures Vodacom as Tenant at New Louwlardia Logistics Park Development

Eastport Logistics Park

Clairwood Logistics Park

Westlake View Logistics Park

Where To Find Us

Company Contact Details

Address:

Block C, Cullinan Place,
Cullinan Close,
Morningside,
2196

Contact Details

Johannesburg: +27 (0) 11 282 2800
Cape Town: +27 (0) 21 945 2960
Email: info.fortress@fortressfund.co.za

Company Details

Company details Fortress REIT Limited
Registration number: 2009/016487/06
Share codes: FFA and FFB
ISIN: ZAE000248498 and ZAE000248506