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Public Investment Corporation Buys New Deloitte Building in Gauteng Posted on 05/07/2021 South Africa’s Public Investment Corporation (PIC) acquired an office building in Waterfall City in Midrand, Gauteng. The asset was acquired on behalf of the Government Employees Pension Fund (GEPF). The building’s anchor tenant is Deloitte and it was completed in 2020. The building is 42,500 square meters and is right on the Allandale interchange of the N1 highway. The Gauteng office premises consist of a ground floor with six stories of offices and four basement parking levels including nearly 2,000...
The Public Investment Corporation, which manages civil servant pensions, plans to sell 70 properties - including shopping malls and commercial buildings. First on the chopping block are Edcon's former training campus and two shopping centres in Cape Town and Durban. The proceeds of the sales will be invested in other opportunities, the PIC said. The Public Investment Corporation wants to sell 70 properties - including malls and office buildings - in the coming months. The properties are currently held in the Government Employee Pension Fund's portfolio, and the PIC, which manages civil ...