Nedbank Property Finance has again shown its confidence in and support of proven developers by granting a total loan of R1.35 billion to Attacq Waterfall Investment Company (Pty) Ltd (AWIC) for three new developments in the Waterfall City Precinct in Midrand, Gauteng.

Driving through Midrand will soon be a whole lot easier thanks to a new R160 million highway overpass bridge being constructed by Waterfall City.

Atterbury Property will develop the new head office of PwC at Waterfall City, Midrand, which will be an iconic 26 storey building and the first high-rise within the booming precinct.

Waterfall City development is driving Africa’s fastest-growing urban node, marking the next wave of its ambitious commercial development at the landmark Waterfall Business Estate.

Attacq‚ previously Atterbury Investment Holdings‚ has raised R512m in a "heavily oversubscribed" private placement and has closed its book build‚ the company said on Wednesday.

JSE-listed City Lodge Hotels said on Tuesday the development of its 150-room City Lodge Waterfall City had begun, with the hotel scheduled to open toward the end of 2014.

The abridged prospectus and annual results published by Attacq clearly underline the quality proposition that the unlisted property development fund will bring to the market when it makes its debut on the JSE next Monday.

Talk of classic planning principles, central park type features and a demographic retail and business capture potential to boot, South Africa will soon experience quality urban living on a scale - literally in concept a new city within the Gauteng megalopolis -  beyond any this country has ever seen with Waterfall City.

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