Commercial Property Finance

Nedbank backs Umhlanga's new mixed-use development with R1bn

Umhlanga, a resort town north of Durban on the coast of KwaZulu-Natal, will soon get a new mixed-use office and retail development — thanks to Nedbank’s recent approval of R1 billion finance facility.

Banks tighten the screws on Commercial Real Estate loans in Q3

Banks tightened standards on commercial real estate loans during the third quarter but left lending practices for commercial and industrial loans virtually unchanged overall.

Retail Property opportunities abound, but tread carefully

THERE are a number of retail development opportunities in the buoyant South African property sector but potential investors and developers must ensure they have investigated the project thoroughly before committing huge resources.

Mall of Africa proves the value of solid financial relationships

The opening of the Mall of Africa in Waterfall Estate, Midrand in Johannesburg, has many lessons for other South African property players looking to develop projects of such size.

Dual currency real estate funding, may solve headaches in sub-Saharan Africa

Dual currency funding structures can bring stability and robustness to real estate deals in sub-Saharan Africa, as developers and retailers seek solutions to the volatility currently faced in their domestic economies.

Aveng-Collins’ R1.14 billion property deal backed by Nedbank

Nedbank Corporate and Investment Banking (NCIB), on Thursday said it had concluded an estimated R1.14 billion loan facility to finance a joint venture between Durban based commercial property developer, Collins Group and Aveng.

Shree Property Holdings gets R1bn loan boost from Standard Bank

Standard Bank Group, Africa’s biggest lender by assets and earnings, has granted R1 billion to Shree Property Holdings, to enable the company refinance existing loan facilities and acquire new properties to add to its industrial property portfolio in KwaZulu-Natal.

Nedbank approves retail development in Secunda

Nedbank Corporate Property Finance has approved R69.3 million funding for the development of the 8722m² first phase of the Secunda Value Centre, Mpumulanga.

Nedbank buys stake in Alberton's R450m Newmarket Value Centre

Nedbank Corporate Property Finance has bought a stake in the R450 million Newmarket Value Centre in Alberton — another sign of financier bullishness about the South African property market, particularly the retail sector.

Nedbank Capital backs Stats SA's new Head Office Project

Statistics South Africa (Stats SA) has boosted its financial resources for development of the R1,4 billion new head office accommodation project through a R1,15 billion loan from Nedbank Capital.

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