Absa supports Cape Town Investments 101 (Pty) Ltd’s acquisition of North Ridge Mall

The group focuses on the ownership, acquisition and management of retail and commercial real estate assets through a long-term investment strategy centred on sustainable growth and strong tenant relationships.

Acting as Sole Islamic Financier and Lead Funding Partner, Absa provided the funding package that enabled the acquisition of North Ridge Mall, one of Bloemfontein’s leading retail destinations.

The transaction supports the continued growth of a significant regional shopping centre that sustains local economic activity, supports retailers and employment opportunities, and offers future expansion potential. The property’s solar infrastructure also contributes to energy resilience and sustainability objectives.

The deal highlights Absa’s ability to structure specialised Islamic finance solutions that align with clients’ funding requirements while supporting investment and long-term economic growth.

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