Restructuring commercial property ownership and finance

Posted On Thursday, 23 August 2012 16:05 Published by eProp Commercial Property News
Rate this item
(0 votes)

Nedbank Corporate Property Finance KwaZulu-Natal (NCPF KZN) has financed the restructure of ownership of a warehouse facility compromising 53000m2 GLA for City Couriers Group of Companies in Gosforth Park

Ryan Gaines The innovative transaction comprised a share buyback which allowed for the retention of the A Grade facility within the group.

“We are pleased with the positive outcome of this transaction as it has allowed for the ownership of the property concerned to remain within the Group,” says Ryan Gaines, Managing Director of City Couriers Group. This presents us with the opportunity to further leverage off the property,” he adds.

Gosforth Park is home to many blue chip companies, and Nedbank believes that the value of such quality assets will remain sustainable into the future.

“Nedbank Corporate Property Finance prides itself in its ability to offer innovative, tailor-made solutions that meet our clients’ financial needs, and this deal demonstrates that. We are committed to contributing to the growth of the local economy and supporting the growth of our clients through facilitating transactions of this nature,” says Anand Joseph, Regional Executive at Nedbank Corporate Property Finance KwaZulu Natal.

Last modified on Monday, 19 May 2014 14:13

Most Popular

Balwin Properties announces R9 billion Munyaka Crystal Lagoon development in Waterfall, Midrand

Feb 06, 2020
Munyaka Crystal Lagoon
JSE listed Balwin Properties, a developer that cares about environmentally responsible…

Atterbury develops new Cape Town showroom for WeBuyCars

Jan 30, 2020
Atterbury We Buy Cars exterior view
Leading property developer and investor Atterbury has handed over the innovative…

New fire safety global standard being developed for buildings and infrastructure

Jan 30, 2020
TC Chetty RICS SA Country Manager
The Royal Institution of Chartered Surveyors (RICS) is collaborating with a coalition of…

382 Jan Smuts avenue gets caffein boost

Jan 28, 2020
382 Jan Smuts, which is situated in the heart of Craighall, one of the busiest and most…

Green Building Council SA to reduce physical footprint

Jan 29, 2020
Dora Modise CEO GBCSA
Green Building Council South Africa (GBCSA) will be reducing their physical office…

Please publish modules in offcanvas position.