Newtown's success is in the hands of the large financial institutions, which need to come to the party to encourage a significant amount of private sector investment in the area.

New Property Finance Loans in the Western Cape region from Nedbank Corporate's Property and Asset Finance Division are up some 30%

Nedbank has bought a stake in the R800 million Capegate mixed use development on the N1 in Brackenfell, another sign of financier bullishness about the South African property market - particularly the retail sector.

Nedbank Corporate Property and Asset Finance has agreed to finance a new multimillion rand Green Point development by Global Asset and Investment Network (Gain), a company run by Ari Efstathiou.

Nedbank Property Finance is tackling untapped segments of the property development market in the light of the oversupply in popular commercial sectors.