Africa's largest pension fund partners with GRIT's development subsidiary GREA for its rest-of-Africa real estate.

The Public Investment Corporation (PIC) on behalf of its client, has made a landmark investment in Divercity Urban Property Group, South Africa’s leading investor in affordable rental housing. This marks PIC's first investment in the multifamily residential rental sector.

National property developer FWJK has secured land in Menlyn to develop a new 85 000m² sectional title mixed use building consisting of ground and first floor retail, a 450 learner creche, multi-tenant sectional title office suites, residential apartments and luxury penthouse suites, according to Rhys Rocke, regional director of FWJK.

Waterfall Corner in Midrand, Gauteng, has been named the winner of the sought-after Spectrum Award for the best retail development, making a splash at the in the South African Council of Shopping Centre’s (SACSC) Annual Retail Design and Development Awards (RDDA).

Growthpoint and PIC have injected more than R1bn into refurbishments and new developments in the two-and-a half years since they purchased V&A Waterfront.

The Public Investment Corporation (PIC) recently overtook JSE-listed Growthpoint Properties as the biggest player in the SA commercial property space, with real estate assets under management now at a colossal R62,5bn at March 31.

There's a desperate need for sound, basic housing with the 2011 census showing that 13,6m people lived in informal settlements.

Whilst the V&A is considered non-dilutionary to earnings, the site's future masterplan remains a work in progress with numerous key decisions still to be taken

The JSE's largest property company Growthpoint is battling to digest the V&A Waterfront, which it swallowed in June as part of South Africa's biggest-ever property deal