Resilient and PIC talks called off over sale of R5.7bn worth of assets
The property group had surprised analysts when it said it could sell as much as a quarter of its R24bn portfolio
25 May 2021 - 20:12
Shopping centre owner Resilient Reit said on Tuesday its talks to sell up to a quarter of its R24bn portfolio of domestic retail centres to SA’s largest investor, the Public Investment Corporation (PIC), have been terminated.
In February, the listed real estate investment trust (Reit) surprised the market when it announced it had opened talks with the PIC, the manager of government employees’ pension savings, over the possible sale of retail centres that form a R5.7bn portfolio. ..
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.