Nedbank funds retail investments

Posted On Thursday, 24 March 2011 02:00 Published by
Rate this item
(0 votes)

Nedbank Corporate Property Finance: Gauteng has funded the development and refurbishment of various properties within the Twin City portfolio located in Mpumalanga and Limpopo

Ken Reynolds






The flagship shopping centre in the group, Blue Haze is the largest shopping centre in the Mpumalanga and Limpopo region.  The centre has been developed in phases, a total of nine, all of which are complete and have been financed by Nedbank.

Other developments that Nedbank Corporate Property Finance has financed in the portfolio include the Turfloop Centre, Mangkweng Centre, Bushbuckridge Centre and the Burgersfort Centre in Limpopo.

Ken Reynolds, divisional executive of the Gauteng division of Nedbank Corporate Property Finance said that Nedbank elected to get involved in this development due to the calibre of Twin City Developments. “Nedbank is proud to be associated with this project in conjunction with Twin City, their contractors and professional team, who all contributed to the success of this development.  The team was able to complete construction within 10 months, despite severe weather and site drainage conditions, which is to be commended.”

Last modified on Monday, 12 October 2015 15:12

Most Popular

Property sales and development in Cape Town’s East City precinct healthy despite pandemic

Sep 01, 2020
Just nine months after launching to market, 63% of The Harri, a new 48-unit apartment…

Realising the potential of embattled Cape York

Sep 01, 2020
Previously owned by the Bank of Mozambique and abandoned, Cape York had been hijacked and…

Minister de Lille applauds Women in Construction at 2020 ERWIC Awards

Aug 31, 2020
Patricia De Lille
“Women in SA need to be given the opportunity to participate meaningfully, including in…

Business parks thrive as industrial tenants seek value

Sep 10, 2020
Rael Levitt
Business parks are coming into their own as a viable asset class in commercial real…

Creativity on the march across retail landscape

Sep 14, 2020
Belinda Clur MD
Creativity is on the march across the retail landscape as sector players get to grips…

Please publish modules in offcanvas position.