Nedbank has bought a stake in the R800 million Capegate mixed use development on the N1 in Brackenfell, another sign of financier bullishness about the South African property market - particularly the retail sector.

THE resurgence of investor interest in the Cape Town central business district has contributed to a growing demand for diverse space in the areas immediately adjoining the CBD and indications are that this will continue on an upward trend.

Last week, FNB announced that it is investing R28-million in the Johannesburg CBD with the development of a car parkade, which will form part of the bank’s BankCity complex.