South African property group Attacq plans to invest R20 billion to further develop Waterfall City, a commercial and logistics hub near Johannesburg. CEO Jackie van Niekerk mentioned their partnership with the Government Employees Pension Fund GEPF, which holds a 30 stake in the development, aiding in reducing Attacq's debt and gearing ratio.
The Government Employees Pension Fund GEPF, Africa's largest pension fund, has backed significant projects like the VampA Waterfront in Cape Town, valued at over R23 billion. Attacqs Waterfall City project includes office buildings, luxury homes, hotels, and other facilities, with its portfolio valued at over R13 billion.
