The introduction of non-bank lenders into the property market has been a boost for property investors, buyers and business owners. 

By November 2013, the fast-growing community of Tembisa in the East Rand will enjoy convenient access to a host of national stores and local retailers, thanks to the development of the Tembisa MegaMart, for which Nedbank is providing  R238 million funding.

Transformation within the property industry and the growth of the listed property sector in South Africa is set to receive impetus following the finalisation of a R45 million loan agreement between Nedbank Corporate Property Finance and Ascension Properties Limited.

Aucor Property has announced that the well known Nedbank Corner in Braamfontein will come under the hammer at its April Auction event

Nedbank has approved a R150 million loan to Proventus Property (Pty) Ltd, providing takeover finance for a R310 million portfolio of properties within the group. 

Leading black-owned IT distribution group, MB Technologies (MBT), is to acquire a turn-key development for its operating companies through custom finance supplied by Nedbank Corporate Property Finance. 

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 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.

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