Attacq and GEPF progress R2.7bn Waterfall City deal
The pension fund’s stake in AWIC will provide the property group with increased financial resilience
06 July 2023 - 08:28
Property group Attacq and the Government Employees Pension Fund (GEPF) have taken the next step in their R2.7bn deal for the GEPF to acquire a 30% stake in Midrand’s Waterfall City precinct by concluding binding legal agreements.
If the deal — finalised on Wednesday — is approved by shareholders, the GEPF, represented by the Public Investment Corporation (PIC), will obtain a 30% stake in the subsidiary Attacq Waterfall Investment Company (AWIC), which houses Attacq’s real estate portfolio and development and leasehold rights in Waterfall City...
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.