PIC raised its Resilient stake to 20.02, investing 40.6 million to cement its position as the companys largest shareholder.
The move takes PICs total investment in Resilient to about 273 million, strengthening its influence in the retail and logistics-focused REIT.
Resilient reported first-half 2025 revenue of 108.8 million, but profit dropped 34 to 38 million, highlighting mixed performance despite asset growth.
Africas largest asset manager, the Public Investment Corporation PIC, has deepened its investment in Resilient REIT, the retail and logistics-focused property group led by South African tycoon Des de Beer, after buying additional shares worth 40.6 million.
The move strengthens PICs position as Resilients biggest shareholder and highlights its renewed confidence in the Sandton-based company. It also signals continued institutional interest in South Africas property sector, particularly in established firms like Resilient.
PIC raises Resilient stake to 20 percentA regulatory filing on Aug. 19 showed that PIC lifted its stake in the Johannesburg-listed REIT from 19.44 percent to 20.02 percent, spending R717.15 million 40.6 million to acquire an additional 0.579 percent holding.