RMB funds landmark Atterbury property in Waterfall City Featured

Posted On Friday, 22 June 2018 05:32 Published by
Rate this item
(0 votes)

In the real estate industry, the right location is key, which is why Deloitte Africa chose Waterfall City as the ideal location for its new Africa head office.

Atterbury_Digi-Banner

RMB is proud to have funded this landmark property development on behalf of the Atterbury Group. The RMB Real Estate Investment team acted as lead arranger, structurer, funder and hedge provider to create a multi-tiered, ZAR780-m end-to-end solution.

“We partner with our clients to structure long-term financing solutions across the capital structure. We were able to structure a unique funding solution for Atterbury that would enable them to increase their cashflow to allocate scarce capital elsewhere in their business, while driving down interest costs,” says David Downes, Head of RMB Real Estate
“Our multidisciplinary approach as financiers together with our investment banking mindset, enabled us to offer Atterbury a fully funded financing solution that incorporates senior and mezzanine funding. RMB prides itself on putting together bespoke funding structures to ensure our clients are able to deliver on landmark development projects?” says Riyaad Khan, RMB Real Estate Transactor.

Waterfall City is currently the largest urban concept development of its kind in South Africa. Its central and easily accessible location as well as major highway frontage makes it the perfect real estate for corporate and commercial clients. Deloitte’s new A-grade premises will cover 42 500 sqm, accommodate close to 4 900 people and be built in line with Green Building standards.

“We are proud to play a part in changing Africa’s skyline and developing the continent’s economic potential,” concludes David.

RMB-Atterbury

About RMB Real Estate Investment Banking (REIB)

Rand Merchant Bank is the Corporate and Investment Bank of choice for the financing and development of high-grade retail, commercial and industrial properties in sub-Saharan Africa. Our significant real estate finance expertise demonstrates our ability to partner with our clients and provide comprehensive, structured solutions for prime real estate projects.

About Atterbury Property Group

For the past 23 years, Atterbury has developed prime commercial, retail and residential property across South Africa, the rest of Africa and more recently, Europe. Atterbury Property Holdings is the operational company of the Atterbury Group. This holding company consists of development, corporate services and asset management divisions.

At Atterbury Property Holdings, we’ve always believed in development as a catalyst for economic and societal growth and improvement. A creative environment, featuring elegant architecture as well as safety and accessibility are all hallmarks of Atterbury developments.

For more information

David Downes
RMB
Real Estate Investment Banking
This email address is being protected from spambots. You need JavaScript enabled to view it.

+27 11 282-8112

Riyaad Khan
RMB
Real Estate Investment Banking
This email address is being protected from spambots. You need JavaScript enabled to view it.

+27 11 282-4135

Last modified on Friday, 22 June 2018 05:32
" "

Most Popular

Equites Property Fund to list on A2X

Jun 25, 2019
ANDREA TARVENA
Equites Property Fund Limited has been approved for a secondary listing on A2X Markets…

McCormick Property Development Celebrates the Opening of Katale Square

Jun 29, 2019
 JASON MCCORMICK
McCormick Property Development celebrated the launch of its 66th development with the…

New standard bank deal will make it easier for self-employed professionals to qualify for the mortgage bonds

Jul 03, 2019
 STANDARD BANK
Ever since the tightening of credit rulings in the South African economy which followed…

Hyprop reduces exposure to Africa and provides pre-close update

Jun 29, 2019
MORNE WILKEN
JSE specialist shopping centre REIT, Hyprop, today announced progress on its strategy…

Twin City to develop new R230m mall in Vryburg, North West

Jul 10, 2019
 TWIN CITY
The North West agricultural town of Vryburg is set to get its first enclosed shopping…

Please publish modules in offcanvas position.