Industry Newsroom

PIC Acquires 13% Stake in Moroccan Real Estate Platform Aradei Capital for USD50m

South African asset manager Public Investment Corporation (PIC) has acquired a 13% stake in Morocco-based real estate platform Aradei Capital on behalf of its client, the Government Employees Pension Fund of South Africa, for USD50m. The European Bank for Reconstruction and Development, Label’Vie, SANAM Holding, and Best Financière are investors in the company. Read more