The fund owns properties nationwide and has a strong retail focus.

 Recently the Hillcrest Boulevard shopping centre in Pretoria was added to the portfolio.

 Malcolm Horne, Broll's portfolio executive, says the pension fund also has major investments in other parts of the country.

 It has the majority shareholding in The Bridge shopping centre in Port Elizabeth. Other investments include the Pick 'n Pay centre in George and two retail centres in Durban. The portfolio also includes Shoprite Superstores in Klerksdorp, Vereeniging and Port Elizabeth.

 Horne says Broll took over the management of the portfolio in April.

 The group was also awarded an asset management contract. Broll's , Arnold Meyer, says: "There is a strong move to smaller retail centres in the 10000m² to 18000m² size and the pension fund has favourable exposure to this market."

 The move to award Broll the management of the fund's property portfolio follows the Municipal Gratuity Fund's decision to do the same earlier this year, adding a combined asset base of almost R800m to the approximately R16bn already under Broll.