Steven's View

Steven Brown, CEO of Fortress REIT Ltd, shares his views on the company's annual results and reflects on the progress made in the past year, despite the challenges faced.

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Pick n Pay and Fortress co-invest in a super distribution centre development

We are proud of our partnership with Pick N Pay at Eastport Logistics Park in Gauteng which will see Fortress Logistics developing one of the largest FMCG distribution centres in Africa. This deal cements our business strategy of developing and owning two-thirds of our portfolio in logistics, making us the largest owner and ongoing developer of core, premium-grade logistics real estate in South Africa.

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Why Central and Eastern Europe is the property frontier for SA REITs

Central and Eastern Europe (CEE) has attracted significant interest from South African investors in real estate who have sought to diversify their portfolios and satisfy their appetite for yield-enhancing assets which is why in 2021 Fortress REIT invested in their first two logistics parks in Poland and recently announced their first acquisition of a logistics park in Romania.

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We continue to invest in solar energy at our Retail parks

Fortress REIT has launched a total of R900 million sustainability-linked bonds aligned to its ongoing strategic ESG plan to scale up its renewable energy outputs and deliver more solar energy to the national grid.

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