Equites hit by 21% UK portfolio devaluation
The logistics homes have actually been made a note of by ₤ 75m or around R1.6 bn. The
Source: graziadaily.co.za
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Equites to sell its stake in some UK assets
JSE-listed specialist logistics real estate investment trust (Reit) Equites has announced it will sell its 60% shareholding in the Equites Newlands Group (ENGL) development platform, which will impact on earnings in the 2024 financial year. CEO Andrea Taverna-Turisan points out that, given current market conditions and the group’s capital structure, Equites has resolved to no longer undertake large-scale developments in the UK, and rather extract maximum value from the sale of the ENGL platform.
Source: engineeringnews.co.za
Equites benefits from logistics property boom
In ‘a period of incredible turmoil and uncertainty...all of that economic uncertainty has really supported the trend and demand for logistics assets’: CFO Laila Razack – Equites Property Fund.
Source: moneyweb.co.za
Standard Bank And Equites
On 08 October 2021, Equites Property Fund Limited (“Equites”) concluded a R2 billion debt, refinance and upsize package with the Standard Bank of South Africa Limited (“Standard Bank”)
Source: africa.com
Equites concludes R2bn sustainability-linked loan with Standard Bank
Announces its appetite to make investments worth over R4bn over the next year.
Source: moneyweb.co.za