OTPP loses out on ZAR7bn SA property

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SOUTH AFRICA - The C$96bn Ontario Teachers' Pension Plan (OTPP) was among the nine failed bidders for the V&A waterfront, a prime section of real estate situated in Cape Town.

The property finally went to a consortium including Istithmar, the investment arm of the government of Dubai, and London & Regional Properties, reportedly for a fee of over R7bn (US$910m). Previ...

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