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Experts express hope in Nigeria's residential, commercial real estate

DESPITE the nation’s current economic environments, which have slowed down activities, experts are not losing hope in the real estate sector, in respect ....

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Experts: Interest Rates Stability Vital to Real Estate Sector Growth

Experts: Interest Rates Stability Vital to Real Estate Sector Growth
thisdaylive.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thisdaylive.com Daily Mail and Mail on Sunday newspapers.

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SA Property Market

The South African property market struggled through the COVID-19 pandemic, with virtually all sectors registering a decline in performance. ....

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PIC looks to sell dozens of properties

Tuesday 4 May 2021 - 8:48am
The Public Investment Corporation wants to sell off dozens of commercial and retail properties. The PIC manages civil servant pensions and is looking to expand its property portfolio. The disposal of its properties is being brokered by UK-owned real estate company, Jones Lang LaSalle. The company s Associate Director, Pepler Sandri, speaks to #eNCA. Courtesy #DStv403
JOHANNESBURG - The Public Investment Corporation is looking to sell 70 of its buildings.
They include private schools, universities, malls and other commercial property. ....

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PIC appoints independent joint venture to dispose of 70 GEPF properties

PIC appoints independent joint venture to dispose of 70 GEPF properties
Real estate services firms JLL and the Empact Group will oversee the sale of properties to the private sector
29 April 2021 - 07:38
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The Public Investment Corporation (PIC) has announced a strategic decision to optimise the Government Employees Pension Fund (GEPF) property portfolio. It has identified about 70 assets that fall outside its investment criteria that it wants to dispose of in 2021, and has appointed a joint venture (JV) between JLL and the Empact Group to broker the sale of these properties in tranches.
The portfolio comprises mostly small and noncore assets. This is the first time the PIC has appointed commercial agents to broker the sale of GEPF properties to the private sector. These properties are investment grade and are made up of a basket of asset classes, which include retail, industrial and commercial, as well as sp ....

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