Nedbank Corporate and Investment Banking (NCIB) and the Green Fund which is managed by the Development Bank of Southern Africa (DBSA) on behalf of the National Department of Environmental Affairs (DEA), concluded an agreement to jointly fund the development of approximately 400 affordable green housing units in the Western Cape and Gauteng Provinces.

Recent studies suggest that while the demand for affordable housing is on the rise, affordability remains a barrier for millions of South Africans in this segment, resulting in renting increasingly becoming a more feasible option than buying.

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.

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

Greening in the South African commercial property sector has reached a significant milestone with 100 Green Star SA certifications by the Green Building Council SA.

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 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.

Nedbank Commercial Property Finance loan enables Emira Property Fund to strengthen portfolio.

Skills remain key for South Africa's property sector.

MSCI Inc. (NYSE: MSCI), has today released the IPD South Africa Annual Property Index, which shows the South African investment property sector delivered an ungeared total return of 12.9% in 2014 - down from 15.9% in 2013.

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