Nedbank Corporate and Investment Banking and Rabie Property Group have joined forces to complete the Burgundy Estate residential development in Cape Town with the first two projects totalling 370 units at a cost of R400 million due to get underway.

Wednesday, 15 July 2015 10:53

Demand outstrips supply in Cape Town CBD

Living near your place of work is a growing trend around the world, but anyone looking to buy a residential property in Cape Town knows that there are too many buyers and too few properties available.

Nedbank Property Finance recently provided R500 million finance for the development of a 303-room three star Stay Easy Hotel and a 202-room four star Sun Square Hotel, both of which will be operated by the Tsogo Sun Holdings. Group

Nedbank Property Finance has granted finance of R323 million to FPG Group for the purchase of the Cape Gate Lifestyle precinct from Hyprop, Africa’s leading specialist shopping centre Real Estate Investment Trust (REIT). 

Nedbank loan to campuskey set to help alleviate student accommodation shortage.

Nedbank shows confidence in Eastern Cape economy with funding of two vehicle showrooms

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.

The challenges that have faced South Africa’s property markets in recent years have served as a stark reminder that there is far more to the movements in this sector than construction, development and price trends. 

THE challenges that have faced South Africa’s property market in recent years have served as a stark reminder that there is far more to the movements in this sector than construction, development and price trends, according to Nedbank Corporate Property Finance Cape regional head Richard Thomas.

Transformation within the property industry and the growth of the listed property sector in South Africa is set to receive impetus following the finalisation of a R45 million loan agreement between Nedbank Corporate Property Finance and Ascension Properties Limited.

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