Port Elizabeth High Court orders Phillip and Yvette Georgiou to demolish parts of their multimillion-rand boutique hotel, spa and wedding venue in Kragga Kamma Road.

Building on their extensive involvement in the development of the Eastern Cape's property industry, Nedbank Corporate Property Finance has finalised a R17 million loan with development company, Vargalor (Pty) Ltd, which will help fund a new convenience shopping centre in Lorraine, Port Elizabeth.

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