Equites raises over R700m for development opportunities

The book was oversubscribed at that level, it said. The book was oversubscribed at that level, it said.On Monday the group said in a trading update that a company it co-owns with Tridevco recently concluded a 10-year lease on a 90,000m² facility for Tiger Brands in Riverfields, Gauteng, at a net initial yield of 9% on a development cost of about R1bn.The group has also been awarded a tender for a global third-party logistics organisation for the development of a 24,000m² facility in Gauteng at a cost of about R300,000 and has been given the go-ahead to extend the Premier FMCG facility at Lords View, Gauteng, by 7,000m².

2025-12-03 10:21:34