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. 

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. 

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.

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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