The long-standing relationship between Nedbank Corporate Property Finance and leading SA property development and investment group, Billion Group, is once again delivering economic development opportunities in the Eastern Cape.

Nedbank Corporate Property Finance is playing a role in enabling growth and jobs in the vehicle manufacturing sector by funding the construction and refurbishment of a R230-million motor vehicle manufacturing facility for Iveco South Africa (Pty) Ltd, a joint venture between Iveco SA Works (Pty) Ltd and Larimar Group Limited, in Rosslyn, Pretoria.

In 2014, as was the case in 2013, the fortunes of the South African property markets will once again be inextricably linked with the country's economy and other markets,which means that, in the interim, local property will not enjoy the same uptick that's becoming apparent in some global property sectors.

In today's fast moving and economically challenging business environment it is increasingly necessary to have access to available funds in order to secure transactions as they arise or reinvest capital into a business at short notice.

Standard Bank is making available up to R400m for the financing of affordable housing developments in SA.

Standard Bank has approved R349m in term and development funding for the Eyethu Orange Farm Mall in Orange Farm, a deal which is expected to help rejuvenate the impoverished settlement south of Johannesburg.

Nedbank Corporate Property Finance has approved a R1.1 billion loan to the HBW Group to restructure and finance one of the largest assets in their portfolio, the Bedford Retail and Commercial Precinct, which is made up of the Bedford Centre and Bedford Square in the heart of Bedfordview, Johannesburg. 

Nedbank Corporate Property Finance has been voted the best Property Finance bank in the 2013 PwC South African Banking Survey.

Nedbank Corporate Property Finance announced today it will provide funding to the tune of R1.721 billion for the development of a new regional shopping mall in Port Elizabeth in the Eastern Cape.

A change in the banking landscape in South Africa has seen the banks shift from focusing on interest income to non-interest income, with a strong focus on unsecured lending over the past couple of years. 

Page 6 of 16

Please publish modules in offcanvas position.