{"content":[{"text":"FORTRESS REIT LIMITED \n (Incorporated in the Republic of South Africa) \n (Registration number 2009/016487/06) \n JSE share codes: FFA ISIN: ZAE000248498 \n FFB ISIN: ZAE000248506 \n Bond company code: FORI \n LEI: 378900FE98E30F24D975 \n (Approved as a REIT by the JSE) \n (“Fortress”)","bbox":{"left":0.05765,"top":0.04116,"width":0.425369,"height":0.144687}},{"text":"PRE-CLOSE OPERATIONAL UPDATE","bbox":{"left":0.060472,"top":0.216925,"width":0.34357899999999997,"height":0.018950999999999996}},{"text":"Shareholders and noteholders are referred to the interim results announcement for the six-month period ended \n 31 December 2020, released on SENS on 10 March 2021. We hereby provide an update on Fortress’ operations.","bbox":{"left":0.060472,"top":0.26683,"width":0.8794500000000001,"height":0.034216000000000024}},{"text":"Logistics and logistics developments \n Shareholders and noteholders are referred to the SENS announcement published on 17 May 2021 wherein we \n advised that Fortress has entered into a binding agreement to develop a new distribution centre for Pick n Pay at \n our Eastport Logistics Park (“Eastport”). Salient details of the agreement were contained in that announcement \n and development activities have commenced on the site. \n We have let a building with a gross lettable area (“GLA”) of 20 232m2, scheduled for completion in July 2021, \n to online retailer Takealot and we are furthermore in negotiations with a prospective tenant for a completed \n building measuring 13 756m2 at Eastport. We have let an additional 14 257m2 of GLA at Clairwood Logistics \n Park to Super Group on a five-year lease.","bbox":{"left":0.060472,"top":0.311446,"width":0.87946,"height":0.16651700000000003}},{"text":"Retail \n On a like-for-like basis for the nine-month period ended 31 March 2021, compared to the nine-month period \n ended 31 March 2020, tenant turnover figures in our retail portfolio have increased by 0,9%. \n Our retail portfolio, comprising of CBD, Rural, Suburban and Township centres, continues to show its \n defensiveness in this challenging trading environment.","bbox":{"left":0.060472,"top":0.488494,"width":0.879405,"height":0.103661}},{"text":"Vacancies \n We present a summary of the vacancy per sector at 31 December 2020 and 31 May 2021 in the table below. The \n vacancies are forecast to reduce once properties with high vacancies have transferred, most notably 409 West \n Street and Oak Avenue Highveld. The vacancy in the core retail and logistics portfolios remains satisfactory. \n Based Based \n on GLA on GLA \n Dec 2020 May 2021 \n Sector % % \n Total (including CEE*) 6,8 9,0 \n Logistics – South Africa 4,3 4,5 \n Retail 5,3 5,3 \n Industrial 7,9 14,3 \n Office 26,8 34,5 \n Other^ 2,9 2,9 \n Logistics – CEE - 5,5","bbox":{"left":0.060472,"top":0.602661,"width":0.8793839999999999,"height":0.272597}},{"text":"Information based on management accounts. \n * Central and Eastern Europe. \n ^ Includes a hotel, residential units, motor dealerships and serviced apartment properties.","bbox":{"left":0.060472,"top":0.889781,"width":0.697298,"height":0.048348999999999975}}],"images_bbox":[{"left":0.634717,"top":0.033325,"width":0.297319,"height":0.11587}],"images_bbox_not_text_overlap":[{"left":0.634717,"top":0.033325,"width":0.297319,"height":0.11587}]}