Fortress REIT Limited (FFB.JO) JNB

2,503.00

+8(+0.32%)

Updated at December 05 09:16AM

Currency In ZAc

Fortress REIT Limited

Address

Block C, Cullinan Place

Morningside, 2196

South Africa

Phone

27 11 282 2800

Sector

Real Estate

Industry

REIT - Diversified

Employees

68

First IPO Date

October 22, 2009

Key Executives

NameTitlePayYear Born
Mr. Steven Brown B.Bus.Sci, C.A., C.F.A., CA(SA)Chief Executive Officer, MD & Executive Director8.33M1980
Mr. Sipho Majija B.Sc., M.B.A.Head of Retail & Executive Director9.07M1979
Mr. Ian David Vorster B.Com., C.A.Financial Director, Chief Financial Officer & Executive Director9.49M1981
Mr. Ryan EichstadtHead of Investor Relations & Corporate Finance0N/A
Jodie Ellinor-DreyerHead of Corporate Social Investment & Transformation0N/A
PC PotgieterHead of Sustainability0N/A
Bruce CollinsHead of Asset Management0N/A
Jason CooperHead of Property Development0N/A
Ms. Tamlyn Stevens C.A.Company Secretary0N/A

Description

Fortress was listed on 22 October 2009 on the main board of the Johannesburg Stock Exchange Limited as a property loan stock company. It listed with an initial market capitalisation of R1.8 billion, making it the largest initial listing in the listed property sector. Fortress converted to a Real Estate Investment Trust REIT on 1 July 2013. Fortress is a hybrid fund, investing in both direct property as well as other listed property stocks and REITs. It focusses on the development of prime real estate logistics assets as well as investments into its retail portfolio. Currently Fortress portfolio includes industrial, logistics, office, retail and other properties.