Nedbank today announced that it has committed to investing R1bn into a new mixed-use office and retail development in Umhlanga, KwaZulu-Natal, which is currently under construction.

Nedbank Corporate Property Finance continues its support of strategic development nodes in KwaZulu-Natal with the funding of a new R80 million industrial warehouse development at Durban's Dube Tradeport.

Kwa Mnyandu Shopping Centre, which was launched last week and attracted scores of people in Umlazi.

Nedbank Corporate Property Finance is proud to fund a new R80 million development for Durban's The Lion Match Company, for the development of their new corporate head office and distribution facilities in the Point Waterfront node.

In another example of its commitment to supporting property development that supports local government’s infrastructure initiatives, Nedbank Corporate Property Finance KZN has provided a R273 million loan to fund the building of a new shopping centre in the booming KwaMnyandu growth node in Umlazi, which was officially launched on Friday 1 March by the Ethekwini Municipality.

Nedbank Corporate Property Finance has provided funding for 345 000m² of prime industrial land in the Pomona business node alongside the R21 highway in Johannesburg on behalf of The JT Ross Group.

The KZN Chapter of SAPOA held its annual gala dinner last Thursday, 11 November at the Hilton Hotel in Durban, which was sponsored by Nedbank Corporate Property Finance

Nedbank Corporate Property Finance is pleased to announce the appointment of Richard Thomas as Divisional Director Property Finance Cape and Anand Joseph as Divisional Director Property Finance KZN, effective 1 November 2007