Nedbank has provided a syndicated development facility and long term debt funding of R181 million for a major 32,000m² retail centre that launches in Lesotho’s capital, Maseru, today. The approximately R430 million mall is funded through a combination of equity and bank debt.

Nedbank Corporate Property Finance has announced the conclusion of a R53 million loan agreement with the developers of a 7 000 square metre agricultural parts distribution centre in Pomona in Gauteng.

Nedbank has provided a R100 million loan to Octodec Investments Limited for the development of Tiny Town Phase II in Arcadia and Cambridge Shopping Centre in the Pretoria CBD, once again showing its commitment to the listed property sector.

The approval by Nedbank Corporate Property Finance of R151 million in funding for the expansion of the Brandhouse warehouse facilities in Germiston reflects the confidence that one of SA's largest property finance institutions has in the stability and future of the country's commercial and industrial property sectors.

In possibly the strongest demonstration of its commitment to the retail and previously disadvantaged sectors, Nedbank not only provided the R255 million finance for the building of the new Protea Glen Mall in Soweto, but has also taken an equity stake. 

The approval of a R59 million finance deal by Nedbank Corporate Property Finance to Keyaborona Shopping Centre (Pty) Ltd will see the small mining town of Bapong in Rustenburg receive an economic boost as a result of the development of a new 10 000m2 retail centre near Rustenburg in the North West province. 

Following Nedbank Corporate Property Finance’s recent approval of a R135 million finance facility to the Zenprop Group, Samsung South Africa will move into a new office building in Bryanston, Johannesburg in under a year's time

Nedbank continues its commitment to the development of previously under-serviced areas, this time in partnership with Heriot Properties for a new 16 000m² shopping centre in Burgersfort, Limpopo

Working capital is very hard to obtain for property developers: What with the advent of the global economic downturn, property development across the board slowed down in South Africa towards the end of 2008. Developers were unable to sell their stock as homebuyers couldn’t get bond approvals due to the change in lending criteria by financial institutions

After more than half a decade of construction moratoriums, Kimberley is once again seeing the start of significant commercial property development thanks to the commencement of construction on the Montrio Corporate Park in the popular Monument Heights area of the city