Real gross domestic expenditure decelerated from 4.9 % previously to 3% in the third quarter of this year, according to the Reserve Bank

Nedbank adds value to the established and thriving commercial area of Jet Park near OR Tambo Airport in Johannesburg with a R45 million loan to GRWJET Park Investments (Pty) Limited for the development of office and warehouse facilities. 

Nedbank Corporate Property Finance MD Frank Berkeley says the likelihood of continued slow growth across South Africa's various property industries will mean that finding "good" deals against which to lend could remain a key challenge for property finance houses in the coming year.

Wednesday, 28 November 2012 13:28

Nedbank Backs Largest Mall In Lesotho

Nedbank has provided a syndicated development facility and long term debt funding of R181 million for a major 32,000m² retail centre that launches in Lesotho’s capital, Maseru, today. The approximately R430 million mall is funded through a combination of equity and bank debt.

Wednesday, 21 November 2012 10:51

Nedbank loan facilitates investment into Africa

Nedbank Corporate Property Finance has announced the conclusion of a R53 million loan agreement with the developers of a 7 000 square metre agricultural parts distribution centre in Pomona in Gauteng.

Nedbank has provided a R100 million loan to Octodec Investments Limited for the development of Tiny Town Phase II in Arcadia and Cambridge Shopping Centre in the Pretoria CBD, once again showing its commitment to the listed property sector.

Delta Property Fund, a R2,1 billion property group and predominantly government-tenanted BEE company is to list on the JSE. The listing, scheduled for early next month, will follow a Nedbank Capital-led capital-raising exercise of R980 million. 

Saturday, 20 October 2012 06:49

Sephaku Cement concludes R1.95bn funding deal

JSE-listed industrial minerals exploration and development company Sephaku Holdings associate company concludes a R1.95-billion funding deal with Standard Bank and Nedbank.

The approval by Nedbank Corporate Property Finance of R151 million in funding for the expansion of the Brandhouse warehouse facilities in Germiston reflects the confidence that one of SA's largest property finance institutions has in the stability and future of the country's commercial and industrial property sectors.

In possibly the strongest demonstration of its commitment to the retail and previously disadvantaged sectors, Nedbank not only provided the R255 million finance for the building of the new Protea Glen Mall in Soweto, but has also taken an equity stake. 

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