Sale proceeds will fund development pipeline in SA and reduce gearing
JSE-listed Equites Property Fund, the specialist owner and developer of prime logistics assets in SA and the UK, has sold two logistics properties in the UK as part of its disposal programme announced in February.
The DSV and Coloplast properties in Peterborough, comprising warehousing and offices, were sold to Clarion Partners Europe for £51m, which equates to a 7.95% discount on the carrying value of the assets at end-August 2022...A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and TimesLive Premium.
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