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001122334455554433221100

pension fund invests 48.5 million in grit real estate expansion in africa

Grit Real Estate Income Group Ltd. is set to raise $100 million for its property development efforts across Africa, with significant backing from the Public Investment Corp., which manages approximately 3 trillion rand ($165 billion) for South Africa's Government Employees Pension Fund. The fund is providing a $48.5 million cash injection specifically for Grit's Gateway Real Estate Africa unit, which will oversee all property development outside South Africa.
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