Retailers want to focus on their core business so they turn to real estate specialists for modern logistics and warehousing facilities
With new store openings and a need for bigger and efficient distribution centres , SA’s big retailers, Pick n Pay and Shoprite, have teamed up with Equites Property Fund and Fortress Real Estate Investments to develop prime logistics facilities to optimise their supply chains.
In Gauteng, Pick n Pay and partner Fortress are developing a new distribution centre, Eastport, to consolidate the JSE-listed retailer’s Longmeadow distribution centre and three smaller facilities...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.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Diesel tax refund leaves food retailers out in the coldThere are financial and administrative reasons why Sars hasn’t extended the diesel levy refund beyond food manufacturers. But that offers little comfort for South Africa’s food retail sector.
Read more »
You can pick up a low mileage VW Golf for under R300kMotoring news: It’s seldom that a car manufacturer produces eight generations of one model – but that’s exactly what Volkswagen has achieved with the iconic VW Golf🚗 Full story here ➡️
Read more »
A property pick for growth-starved puntersShoppers and tenants return to Eastern European malls with a vengeance, pushing operating income to record highs
Read more »
eMedia launches pay-TV service as rival MultiChoice expandsViewers spoilt for choice as rivals battle for eyeballs
Read more »