Nedbank Corporate Property Finance injects R32m into state of the art Oncology facility

Posted On Tuesday, 03 June 2014 12:58 Published by
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Construction on the second phase of a successful medical facility in Paarl, due for completion in September this year, has commenced and will comprise a state of the art oncology centre and sub- acute facility.

Cure Day Clinic

The medical centre, which was developed by Annenberg Property Group represented by Dudley Annenberg in conjunction with Chianti Property Developers in 2012, currently offers excellent services which will be further enhanced by the addition of the oncology unit and a sub-acute facility.

The existing property is currently fully let and is predominantly occupied by Cure Day Clinic which currently offers 3 minor theatres and 30 beds, National Renal Care and well known gastroenterologist, Dr Stephen Schmidt and Ampath.

Cure Day Clinic is a leading specialised ambulatory care facility that owes its success to offering affordable same-day surgery procedures in a high-tech medical facility. The BEE group's first clinic was opened in 2008 in Gauteng and it has since expanded to six clinics, including the Paarl branch.

The Paarl clinic is Cure Day's first day hospital in the Western Cape and it has three theatres and 30 beds in a modern, aesthetically pleasing environment. Well established with good management and corporate governance, the group has already secured licences to open clinics in Pietermaritzburg, Wilgeheuwel, Blaauwberg, Somerset West (under construction), Bellville, Bloemfontein (under construction) and Polokwane.

"Nedbank has been involved with this development since the beginning when we facilitated the primary loan of R18 million for the first stage," says Richard Thomas, Regional Executive of Nedbank Corporate Property Finance, Cape. Thomas says that the Bank has further funded the company close to R32 million for expansion into this next phase.

Ditau Health Solutions has been procured as a tenant and will occupy 736m² with a 10 year lease commencing in July 2014.

Ditau offers a myriad of health services to government and the private sector that focuses on improving access to quality health care on the African continent. The company was founded by Dr. Litlhakanyane in 2011 and provides health care infrastructure, health advisory services, social infrastructure, medical equipment manufacturing and health facilities management. Headquartered in Johannesburg, they are looking to establish a presence in the Western Cape.

"Obtaining affordable and quality medical care is a priority for South Africans and this cutting edge medical facility and its expansion will further benefit the people of Paarl and the Western Cape. Despite a difficult economic operating environment, Nedbank Corporate Property Finance continues to be the market leader in the sector and is renowned for creating innovative solutions for quality clients such as Annenberg Property Group," concludes Thomas.

Last modified on Monday, 12 October 2015 12:40

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