Nedbank has injected R1.35-billion into the Waterfall City precinct in Midrand.
The bank said the loan was granted to Attacq Waterfall Investment Company (AWIC) for three new developments: a new head office for PwC, and offices and warehouse facilities for Hilti and medical devices and medical equipment manufacturer Stryker.
Nedbank Property Finance Pretoria regional head D’Anvo Jones said the successful conclusion of this deal – one of many in which Nedbank had partnered with AWIC – demonstrated the high levels of confidence that participants in the South African property industry had in Nedbank Property Finance.
“The finalisation of this latest finance partnership will add another impressive project to the growing list of successful developments that have been completed, or are currently under construction, as a direct result of this highly effective working partnership.
AWIC has proven itself as an experienced and reputable developer, and the Waterfall precinct is one of the busiest and fastest growing nodes in South Africa,” Jones added.
