Nedbank Corporate Property Finance has approved a loan to Koelpark Development (Pty) Ltd for the first phase of the Nooitgedacht Village, which offers a fully integrated community lifestyle in the Western Cape growth node of Stellenbosch. 

In another example of its commitment to supporting property development that supports local government’s infrastructure initiatives, Nedbank Corporate Property Finance KZN has provided a R273 million loan to fund the building of a new shopping centre in the booming KwaMnyandu growth node in Umlazi, which was officially launched on Friday 1 March by the Ethekwini Municipality.

Nedbank Corporate Property Finance (NCPF) has attributed a strong 13.9% growth in headline earnings in the year to December 2012, compared to the year before, to its selective growth strategy.

Nedbank Corporate Property Finance has successfully concluded a R1.36 billion finance agreement with Billion Property Developments that will see the construction of the new 73,588 m² Forest Hill Shopping Centre in Monavoni, Centurion. 

The conclusion of a R105 million finance agreement between Nedbank Corporate Property Finance and Amit Katz of Sunwood Capital will see the well-known SA brand, House of Busby, moving into a new 20 000m² premises in Gosforth Industrial Park, Johannesburg, towards the latter part of 2013.

Wednesday, 06 February 2013 08:14

Squeeze on financing for affordable housing

THE deteriorating creditworthiness and affordability among South Africans has affected the appetite for advance loans for affordable houses, according to Nedbank’s affordable-housing head Jeff Lawrence.

Consumers in the rural village of Moletlane, Zebediela in the Limpopo Province are set to benefit from a conveniently-located new shopping precinct following the recent announcement by Nedbank Corporate Property Finance that it has financed and taken an equity stake in the 15 016m² Zebediela Plaza. 

Nedbank has provided the Improvon Group with a R192 million loan to develop an exceptional, upmarket industrial park called Gosforth Business Park in Gauteng, which will set new standards in the sustainable building and development industry. 

A ground breaking multimillion rand venture known as the Newmarket Park Development is set to change the Alberton CBD with the belief that it will bring even more development to this growing area. 

Nedbank Corporate Property Finance has partnered with emerging market pioneer McCormick Property Development to finance a new retail development called Olievenhout Plaza in the north of Johannesburg, and its investment arm has acquired a 25% equity stake in the development. 

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