Attacq assigns R20bn to expand Waterfall City hub
The Citizen|November 26, 2024
South African property group Attacq has earmarked R20 billion to further develop its flagship Waterfall City commercial and logistics hub on the outskirts of Johannesburg.

"I've got a partner that's got deep pockets," CEO Jackie van Niekerk said, referring to a recent deal with the Government Employees Pension Fund.

The GEPF is the biggest pension fund on the continent and owns a 30% stake in the Attacq subsidiary which runs the 2200 hectare development. That deal helped the firm pay down debt and lower its gearing ratio.

This story is from the November 26, 2024 edition of The Citizen.

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This story is from the November 26, 2024 edition of The Citizen.

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