Konrad Kohler Email

Development Manager . Fortress REIT Limited

Current Roles

Employees:
57
Revenue:
$7.7M
About
Fortress REIT Limited, the diversified property group, plans to grow its logistics-focussed 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-focussed 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.”
Fortress REIT Limited Address
35 Culinan Close, Morningside 2196
Johannesburg, null
South Africa

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