FORTRESS REIT LIMITED - Development update: Fortress welcomes Makro to Cornubia Ridge

Development update: Fortress welcomes Makro to Cornubia Ridge

FORTRESS REIT LIMITED
(previously Fortress Income Fund Limited)
(Incorporated in the Republic of South Africa)
(Registration number: 2009/016487/06)
JSE share codes: FFA   ISIN: ZAE000248498
                 FFB   ISIN: ZAE000248506
(Approved as a REIT by the JSE)
(“Fortress” or “the company”)


DEVELOPMENT UPDATE: FORTRESS WELCOMES MAKRO TO CORNUBIA RIDGE


Fortress is pleased to announce that the company has concluded a lease agreement for a new Makro store at Cornubia
Ridge. This development of Makro’s 22nd store in South Africa will complement KwaZulu-Natal’s premier retail node
in the greater Umhlanga area. The planned opening for the new Makro is set for the first quarter of 2019.

The development will be undertaken by a subsidiary of Fortress in which Fortress holds a 50.1% share. The
development will comprise approximately 18 950m² of gross lettable area and will have a total estimated development
cost of R325 million.

This retail facility, let on a 20-year lease to Makro, one of South Africa’s most recognisable retail brands, draws on the
development expertise of Fortress and enhances the company’s relationship with one of the key retail groups in
Africa.

27 March 2018


Sponsor
Java Capital

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