DEALS | 21 APRIL 2021 Committed to delivering innovative funding for ground-breaking developments. Absa | Corporate and Investment Banking > Insights and Events > Committed to delivering innovative funding for ground-breaking developments SHARE It takes partners with strong foundations to build a brighter future. We’re proud to have successfully funded the Amdec Group for the construction of Harbour Arch, a mixed-use development comprising six residential towers. Absa CPF offers a broad range of commercial property finance solutions to help facilitate the development or acquisition of commercial properties, and to help businesses grow, which in turn, grows Africa. Our strong partnerships are made possible by a devoted team of property finance experts with comprehensive experience in structuring tailored and innovative financing solutions. We’re proud to have successfully funded the Amdec Group for the construction of Harbour Arch, Cape Town’s largest and most ambitious sustainable mixed-use development comprising six residential towers. This innovative precinct encapsulates the principles of new urban living, offering a safe, convenient, enjoyable and sustainable community-focused environment. The project delivered: R15 billion private investment into CBD real estate. R2.4 billion contribution to Household Income. R100 million city infrastructure upgrades. Over 20 000 jobs created during the construction process and thousands more post-construction via retail, hospitality, hotels, and restaurants. Harbour Arch’s multi-billion Rand development will also have a significant economic and socio-economic impact, injecting significant revenue into the city’s coffers as well as individual homes. We’re proud to help businesses unlock new opportunities in Africa. Explore our Commercial Property Finance solutions or contact us at cpf@absa.africa #AfricaExpertise https://cib.absa.africa/wp-content/uploads/2020/07/file_example_MP3_700KB.mp3 Related Articles Financial Sector Insights Technology transforming finance: The state of play in Africa Africa is emerging as a hotspot for innovation in financial ecosystems. Financial Sector Insights New entrants are disrupting the financial institutions group sector Challenger entrants are changing the face of the FIG sector, impacting this year’s significant trends. Financial Sector Insights Room for consolidation in the insurance sector in Africa The insurance sector in South Africa could benefit from the consolidation of small, independent and unprofitable brands into bigger and stronger players.
