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.
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