Row rect Shape Decorative svg added to bottom Absa supports V&A Waterfront’s sustainable growth ambitions Absa | Corporate and Investment Banking > Insights and Events > Absa supports V&A Waterfront’s sustainable growth ambitions SHARE Absa Corporate and Investment Banking has supported the V&A Waterfront’s next phase of development through a R2.25 billion syndicated financing facility. The V&A Waterfront is jointly owned by Growthpoint Properties and the Government Employees Pension Fund, and is one of our continent’s most significant mixed-use destinations. As part of the transaction, Absa acted as Sole Sustainability Coordinator and provided R1.175 billion in funding support. The financing is aligned to the V&A Waterfront’s Sustainable Neighbourhood Framework and will support developments that advance environmental sustainability, resource efficiency and inclusive economic growth. Absa’s sustainable finance expertise helped translate the client’s long-term sustainability strategy into a credible funding framework that attracted support from local lenders. By mobilizing capital towards projects that create shared value, strengthen communities and build long-term economic resilience, Absa continues to empower to Africa’s tomorrow …one story at a time. Somaya Joshua https://cib.absa.africa/wp-content/uploads/2020/07/file_example_MP3_700KB.mp3 Related Articles DEALS Absa and Global Infrastructure Partners mobilise capital for strategic African energy infrastructure Africa’s energy transition requires sustained investment in generation capacity, grid resilience and the infrastructure needed to support long-term economic growth. Mobilising institutional capital at scale is critical to closing the continent’s infrastructure gap and expanding access to more reliable power. Read more DEALS Absa supports Safaricom Ethiopia’s next phase of growth and digital transformation A tailored financing solution enabling network expansion, digital infrastructure investment and greater financial inclusion across Ethiopia. Read more DEALS Strengthening market access through funding diversification Lewis Group has returned to the public bond market after 13 years, raising R1.1 billion through a senior unsecured bond auction. Read more
