Public Investment Corp. Says in Talks to Acquire V&A Waterfront Property

Public Investment Corp., which manages the pensions of South African government workers, is in talks to buy the Victoria & Alfred Waterfront property in Cape Town, Wayne van der Vent, the PIC’s general manager of real- estate investment, said.

“We have not secured a transaction,” he said in a mobile- phone interview. “We have always been involved in the V&A Waterfront discussions since day one, four years ago. We have never left those negotiations.”

To contact the reporter on this story: Sikonathi Mantshantsha in Johannesburg at smantshantsh@bloomberg.net

To contact the editor responsible for this story: Vernon Wessels at vwessels@bloomberg.net

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