All-time high occupancy levels boost Fortress REIT’s Interim Results
Steven Brown, CEO of Fortress REIT, gives an overview of the company’s Interim Results and shares his views on why there is a lot to be positive about in the South African real estate industry.
The power of retail and its potential to uplift and empower communities
There are many innovative ways to take advantage of the opportunities that exist in the retail industry. The #RetailReinvented webinar held in April this year included a thought-provoking panel discussion between industry thought leaders on how the power of retail can be used to uplift and empower communities in rural and township areas.
Fortress Logistics continues its growth trajectory
Fortress REIT has continued to successfully pivot the business to a one-third convenience retail and two-thirds logistics real estate portfolio. This strategy has proven its resilience as the demand for logistics, both locally and offshore, remains buoyant. Occupancy levels in the logistics portfolio are at an all-time high and the quality of this portfolio continues to be enhanced with our new developments. Two examples of the exponential growth experienced in this portfolio over the past 6 months have been the acquisition of additional logistics development land in Poland and the joint venture with Inospace.
Fortress REIT issues a further R1.3 billion in sustainability-linked bonds
The JSE Limited has granted Fortress REIT the listing of a further R1.3 billion sustainability-linked notes, referencing the company’s existing solar installation programme. Watch our latest solar installation here.