Intu says it will buy two regional malls and a retail park in the UK for R16bn from Australian shopping centre giant Westfield.

Growthpoint Properties and the Public Investment Corporation, which bought Cape Town's Victoria & Alfred (V&A) Waterfront for R10bn in mid-2011, have plans to invest another R3bn-R4bn over the next three years to unlock the precinct's remaining 200,000m² development potential.

V&A Waterfront co-owners are in discussions with a number of international hotel operators to run what will be the first new hotel to be built at the precinct since April 2009.

A new R1.35-billion Spring Valley Housing Project that is rapidly taking shape in the heart of Mpumalanga’s coal mining belt is setting a benchmark for the provision by mines and others of employer assisted affordable housing.

South Africa’s largest investor, the Public Investment Corporation (PIC), says construction firms recently fined R1.46bn for colluding to fix tenders for soccer stadiums, roads and other major projects, should claw back bonuses from the crooked executives who fixed the projects.

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.

Although the South African listed property market is 48 times the size it was 12 years ago, the unlisted sector remains substantial, holding some of the country’s most prized assets.

Vukile is committed to remaining a diversified fund but with a special emphasis on the retail sector. 

The government pension fund could invest as much as $3.8-billion in African private equity as the continent's top public pension manager looks for higher returns beyond its home market