Equites was listed on the JSE with a R1 bn portfolio of assets, all located in the Western Cape.

We acquired the Intaprop portfolio for R1.9 bn which was well supported by the market, evidenced by an ABB of R1.5 bn.

We concluded our first contracted development of 26 000 m² for the Foschini Group in Gauteng. 

We concluded an R800 m acquisition of a portfolio of eight properties, developed by Attacq, at the Waterfall Estate.

Expanding our footprint across the globe, we entered into the United Kingdom market by acquiring a logistics facility, let to Tesco in Hinckley. This was a pivotal transaction in our international strategy.

Equites was included on the ALSI.

Three months later, Equites was included on the SAPY, featuring the 20 largest real estate companies by full market capitalisation on the JSE.

We obtained a Level 4 B-BBEE rating with 53% verified black ownership. Since then, we have continued to place a strong focus on transformation. 

We received our initial credit rating from GCR Ratings of A_(ZA).

We made a strategic decision to create our first development with solar capabilities and provide green energy to tenants.

We received approval from the JSE for a R2 bn domestic-medium term note programme, allowing us to raise debt from alternative sources, particularly non-bank financial investors.

In another significant development in the United Kingdom, we concluded a strategic joint venture with Newlands Property Developments LLP, which led to us concluding our first development and lease agreement with Amazon later in the year.

With our focus on sustainability, we obtained our first IFC EDGE certificate for one of our Gauteng facilities, developed for Premier Foods.
 
Complementing this achievement, we concluded an R800 m sustainability-linked debt facility with Standard Bank with a focus on sustainable building practices, renewable energy usage, and enterprise and supplier development.

In another significant move, we established a strategic venture with Shoprite Checkers (Pty) Ltd and acquired three distribution centres with a portfolio value of R3.2 bn.

We held our first DMTN listed debt auction, marking a noteworthy occasion as we raised R1 bn through the issuance of one-year and three-year notes.

We formed a strategic partnership with EPPF to acquire the DSV Logistics Campus, affording us the opportunity to create alternative sources of income through asset management agreement.

Through our joint venture with Newlands, we completed a R2.1 bn super-hub distribution facility in Barnsley, United Kingdom, let to Evri on a 20-year triple-net lease.

In alignment with our continued commitment to transformation in the South African market, we successfully completed a Statement 102 transaction, divesting six non-core assets.

As a means of investing in the next generation of property professionals, we established the Equites Student VAC Week Programme.

We expanded on the Shoprite relationship with the developments at Canelands, Wells Estate and Riverfields to the value of circa R3 bn.

Through numerous B-BBEE Statement 102 transactions and other initiatives, we achieved a Level 2 B-BBEE rating.

We concluded a transaction to exit the ENGL development platform.