The Public Investment Corporation, which manages civil servant pensions, plans to sell 70 properties - including shopping malls and commercial buildings. The Public Investment Corporation wants to sell 70 properties - including malls and office buildings - in the coming months. But this may not be the best time in recent years to sell South African commercial and retail properties, which have been ravaged by Covid-19. This is the first time that the PIC has appointed commercial agents to broker the sale of GEPF properties. "In order to give confidence to investors participating in the sales process, we have appointed a commercial property JV to oversee the sale of a portion of the portfolio.

Source: News 24 May 03, 2021 10:41 UTC