Nedbank Corporate Property Finance has approved a loan to Koelpark Development (Pty) Ltd for the first phase of the Nooitgedacht Village, which offers a fully integrated community lifestyle in the Western Cape growth node of Stellenbosch. 

The purchase of two shopping centres by Synergy Income Fund Limited, in part through a R234 million loan from Nedbank, further underscores the bank’s commitment to the listed and retail property sectors.

The community of Philippi in the southern suburbs of Cape Town will soon enjoy access to its own conveniently located shopping centre as a result of the recent approval of a R70 million loan facility by Nedbank Corporate Property Finance: Cape.

Nedbank Group has once again demonstrated its commitment and confidence in the long-term growth potential of the retail sector by not only providing the finance for the completion of the new Eikestad Mall precinct in Stellenbosch through Nedbank Corporate Property Finance, but also taking an equity stake in the development

Ingenuity Property Investments Limited is unlocking value in its substantial development portfolio by utilising recent financing from Nedbank Corporate Property Finance, Cape for the refurbishment of two prime properties in Cape Town. Finance for a number of other development projects is also expected to come into the fray down the line

Drawing on its expertise and experience as the market leader in the commercial property finance industry, Nedbank Corporate Property Finance Cape has tailored a custom-made finance deal for Ingenuity Property Investments Limited

Nedbank Corporate Property Finance has funded the R265-million second phase of the Upper Eastside mixed use development in Woodstock, Cape Town

Nedbank Corporate Property Finance: Cape, has funded the development and completion of a R76 million industrial facility in Blackheath, Cape Town on behalf of Macadams International

Nedbank Corporate Property Finance: Cape has funded the development and completion of a R72 million production, warehousing and distribution facility in Bellville, Cape Town on behalf of Swish Property Group.

Nedbank Corporate Property Finance is pleased to announce the appointment of Richard Thomas as Divisional Director Property Finance Cape and Anand Joseph as Divisional Director Property Finance KZN, effective 1 November 2007