Fortress Real Estate Investments Ltd - Company Profile
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Fortress Real Estate Investments Ltd (Fortress), formerly Fortress REIT Ltd, is a real estate investment trust (REIT). It executes acquisition, investment, development, and management of various property types. Its property portfolio covers logistics, office, industrial, residential, retail, hotel, and other properties. The assets of the company are managed internally, while the management of properties is outsourced. Fortress also upgrades, refurbishes, extends, and redevelops its properties constantly where needed. In FY2023, the company's total gross lettable area (GLA) of 2.9 million square meters (sq. mt.) and a vacancy rate of 3.7%. Fortress operates in Gauteng, KwaZulu-Natal, Western Cape, Mpumalanga, Limpopo, Eastern Cape, Northwest, Free State, and Northern Cape. Fortress is headquartered in Johannesburg, Gauteng, South Africa.
Fortress Real Estate Investments Ltd premium industry data and analytics
Products and Services
Services |
---|
Property Investments |
Property Rentals |
Refurbishment and Redevelopment |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
Year | Event | Description |
---|---|---|
2023 | Contracts/Agreements | In February, the company signed a long-term lease agreement with Sammar Logistics for a new pre-let development of 37,965m² in Pocket 2A at Clairwood Logistics Park in Kwa-Zulu Natal. |
2022 | Contracts/Agreements | In September, the company entered into a contract with Crusader Logistics to develop a distribution center at the Eastport Logistics Park in Gauteng. |
2022 | Contracts/Agreements | In July, Fortress Logistics and ZacPak signed a 15-year lease for 15,664m² warehousing space at the Clairwood Logistics Park in KwaZulu Natal. |
Competitor Comparison
Key Parameters | Fortress Real Estate Investments Ltd | Growthpoint Properties Ltd | Hyprop Investments Ltd | Octodec Investments Ltd | Fairvest Ltd |
---|---|---|---|---|---|
Headquarters | South Africa | South Africa | South Africa | South Africa | South Africa |
City | Johannesburg | Johannesburg | Johannesburg | Pretoria | Johannesburg |
State/Province | - | Gauteng | Gauteng | - | - |
No. of Employees | 62 | 637 | 242 | 191 | 44 |
Entity Type | Public | Public | Public | Public | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
Name | Position | Board | Since | Age |
---|---|---|---|---|
Steven Brown | Chief Executive Officer; Managing Director; Director | Executive Board | 2016 | 43 |
Ian David Vorster | Chief Financial Officer; Director; Director - Finance | Executive Board | 2018 | 43 |
Sipho Vuso Majija | Director - Retail Portfolio; Director | Executive Board | 2017 | 44 |
Robin Lockhart-Ross | Chairman | Non Executive Board | 2020 | 65 |
Tamlyn Stevens | Secretary | Senior Management | - | - |
Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
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