Public Investment Corporation Limited (PIC)

PIC lifts stake in embattled Texton Property Fund

The Public Investment Corporation (PIC), Africa's largest fund manager, has boosted its stake in the troubled Texton Property Fund (JSE: TEX) after a black empowerment investor defaulted its loan.

Liberty Two Degrees attains REIT status, bulks up asset base

Liberty Two Degrees (JSE:L2D), the owners of flagship Sandton City, Eastgate Shopping Centre and Melrose Arch, says it had converted to a Real Estate Investment Trust (Reit), and significantly "bulked up" its asset base.

Texton’s shareholders vote down share repurchase from PIC

Shareholders of Texton Property Fund (JSE: TEX) have voted against the repurchase of shares in terms of the ‘Put Option’ related to Texton’s 2014 Broad-based black economic empowerment deal.

A look at Tshwane’s R1.8 billion mixed-use green development

Central Square, a R1.8 billion mixed-use development which opened on Wednesday. is set to become a prominent landmark in Menlyn Maine district of Tshwane – the country’s first “green city” precinct.

Education Minister renews call for help with Student Accommodation

Higher Education Minister Blade Nzimande decries the lack of private sector involvement in resolving the accommodation crisis experienced at universities.

Government pension fund pours R10.5bn to boost Affordable Housing

The Government Employees Pension Fund (GEPF), SA's largest pension fund, has approved R10.5 billion facility to lender SA Home Loans, in-order to boost government employees and the public access to housing.

We manage fine, says Pareto

Pareto Limited CEO, Marius Muller has come out strongly against suggestions that institutions that maintain in-house property management services are less competitive than those that outsource to specialized property management houses.

Retail developers encouraged by Africa’s project yields

Increasingly, retail developers are eyeing Africa's rapidly growing consumer markets as the scope for investment is steadily cumulative and demand for more formal retail options from shoppers is following suit.

Public Investment Corporation (PIC) decries building collusion

Public Investment Corporation (PIC), says construction firms recently fined R1.46-billion for colluding to fix tenders for soccer stadiums, roads and other major projects, should claw back bonuses from the crooked executives who fixed the projects.

PIC in African Property Investment drive

The Public Investment Corporation (PIC) is awaiting final approval to invest up to R12 billion in commercial real estate in various countries across Africa, the PIC’s first foray into property markets outside SA’s borders.

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