Equites sells UK distribution center portfolio for GBP 200.5 million to ICG Real Estate fund

  • Equites Property Fund sold five UK distribution centers to a fund managed by ICG Real Estate at a portfolio value of GBP 200.5 million, implying a 5.5% yield.
  • Completion took place Tuesday, May 12, 2026 through sale of shares in property-owning SPVs; purchaser also assumed GBP 105 million of Aviva debt.
  • Net cash proceeds of about GBP 95.5 million earmarked for redeployment into higher-yielding South African logistics developments, supporting longer-term distributable-earnings growth.
  • Transaction expected to lower loan-to-value ratio, increasing balance-sheet capacity to fund development pipeline.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Equites Property Fund Ltd. published the original content used to generate this news brief via the SENS service, an information dissemination service administered by the JSE Limited ("JSE") (Ref. ID: S521127), on May 13, 2026, and is solely responsible for the information contained therein.

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