Balwin Properties has received a R1.21 billion offer from a consortium led by the Public Investment Corporation, marking a significant shift towards private ownership and providing shareholders with immediate cash value.

PIC-led consortium proposes R4.35 per share in bid to take property developer private

Balwin Properties has received a R1.21 billion offer from a consortium led by the Public Investment Corporation, marking a significant shift towards private ownership and…

Balwin shares jumped more than 9% after the property developer’s founders and the PIC launched a R1.1 billion bid to take the company private.