Equites developed the DSV logistics facility in Cape Town. Equites said the Middle East crisis may spur additional demand for additional logistics and distribution space as brand owners sought better efficiencies from their logistics and distribution operations, in the faceof rising costs and disruptions.
Equites Property Fund reported a sturdy 3.6% rise in portfolio value in 2025 as it pivots to its SA assets in a market where the Middle East conflict is likely to boost already strong demand for state-of-the-art distribution and logistics centres.
The portfolio value was R28.7 billion as of February 28, the results released Thursday showed. This comes on the heels of a year characterised by a strong financial performance. Group distributions grew by 5.3%, spurred by 5.4% rental growth in South Africa and 4% in the UK, alongside contributions from new developments and lower funding costs.
"We are pleased with the strong momentum in executing our strategic priorities, including rationalising our UK portfolio and redeploying capital into South African opportunities with superior long-term growth potential," said Equites CEO Andrea Taverna-Turisan.
This strategic shift has positioned South Africa as the primary growth driver within Equites' portfolio.
