Growthpoint Properties Limited, South Africa’s largest listed property company with property assets exceeding R22 billion and a market capitalisation of close to R17 billion, today announced that it has successfully raised R1.65 billion to fund acquisitions and developments in progress

The Public Investment Corporation’s (PIC’s) intention to increase its property exposure will probably underpin property values in SA even in the event of a further increase in interest rates, says Angelique de Rauville, MD of Investec Listed Property Investments

Thursday, 16 August 2007 02:00

PIC to compete with listed firms

The Public Investment Corporation (PIC), which plans to invest about R70bn in property assets over the next five years, is increasingly going to be competing with listed property companies for scarce property stock

Following Competition Tribunal approval of the take over this week, the empowerment deal will see CBS delist from the Johannesburg Stock Exchange and the formation of a new board

Thursday, 19 July 2007 02:00

PIC's property play

The Public Investment Corporation (PIC) has its sights set on becoming a major player in the R100bn listed property sector - which will no doubt prompt plenty of corporate action from the Government-owned pension fund manager over the coming months.

Listed property company could benefit from longer-term returns in the retail sector if the Public Investment Corporation's proposed R2,3bn bid goes ahead

Thursday, 07 June 2007 02:00

Listed property tempts private equity

Listed property companies run the same risk of takeover as listed non-property companies

Newly established empowerment property group African Capital Property Portfolio is poised to benefit from the Public Investment Corporation’s (PIC’s) proposed takeover bid for listed property loan stock company CBS Property Portfolio

Wednesday, 04 April 2007 02:00

PIC could ruffle some feathers

Government-owned pension fund manager Public Investment Corporation (PIC) is expected to shake things up a tad in the listed property sector following its surprise takeover bid for Cape-based loan stock company CBS Property Portfolio

Close to an investment crisis - that's the effect on the property sector of the Public Investment Corp 's (PIC) R2,3bn purchase of listed fund CBS.

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