In possibly the strongest demonstration of its commitment to the retail and previously disadvantaged sectors, Nedbank not only provided the R255 million finance for the building of the new Protea Glen Mall in Soweto, but has also taken an equity stake. 

The approval of a R59 million finance deal by Nedbank Corporate Property Finance to Keyaborona Shopping Centre (Pty) Ltd will see the small mining town of Bapong in Rustenburg receive an economic boost as a result of the development of a new 10 000m2 retail centre near Rustenburg in the North West province. 

Wednesday, 26 September 2012 10:37

Nedbank funds Zenprop's Bryanston development

Following Nedbank Corporate Property Finance’s recent approval of a R135 million finance facility to the Zenprop Group, Samsung South Africa will move into a new office building in Bryanston, Johannesburg in under a year's time

Tuesday, 25 September 2012 12:23

Nedbank funds rural retail development

Nedbank continues its commitment to the development of previously under-serviced areas, this time in partnership with Heriot Properties for a new 16 000m² shopping centre in Burgersfort, Limpopo

Thursday, 20 September 2012 15:47

Private Equity coming to the property party

Working capital is very hard to obtain for property developers: What with the advent of the global economic downturn, property development across the board slowed down in South Africa towards the end of 2008. Developers were unable to sell their stock as homebuyers couldn’t get bond approvals due to the change in lending criteria by financial institutions

After more than half a decade of construction moratoriums, Kimberley is once again seeing the start of significant commercial property development thanks to the commencement of construction on the Montrio Corporate Park in the popular Monument Heights area of the city

The community of Philippi in the southern suburbs of Cape Town will soon enjoy access to its own conveniently located shopping centre as a result of the recent approval of a R70 million loan facility by Nedbank Corporate Property Finance: Cape.

New retail experiences are on the cards for rural consumers in Polokwane and KwazuluNatal as Nedbank Corporate Property Finance has partnered with Dipula Income Fund Limited to acquire three plazas in the respective provinces.

Monday, 06 August 2012 20:06

Nedbank takes equity In Eikestad Mall

Nedbank Group has once again demonstrated its commitment and confidence in the long-term growth potential of the retail sector by not only providing the finance for the completion of the new Eikestad Mall precinct in Stellenbosch through Nedbank Corporate Property Finance, but also taking an equity stake in the development

Euromoney International Finance Magazine, a leading global banking publication, has named Nedbank Group as the Best Bank in South Africa. Regarded as the benchmark awards for financial services globally, the Euromoney Awards for Excellence are now in their 22nd year

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