DEALS | 12 JULY 2021

Breaking ground to enable
regional economic growth

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Absa has made another stride in business investment. The team recently financed the Newlyn Group for the development of the iconic Newlyn Park Rail Terminal.

We are proud to be part of an investment deal that has seen over 11,000 jobs being created in the eThekwini Municipality. The R2.4bn finance deal with the Newlyn Group is one aimed at growing the Durban harbour as well as businesses that function within the precinct.

The redevelopment of the iconic Newlyn Park Rail Terminal will see the 630,441m² extent become a modernised hub from which business can thrive.

With our expertise in corporate finance and ability to invest in business growth, precincts like Newlyn Park will soon become one of many to create jobs and ultimately change lives.

Contact: cpf@absa.africa

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