Propelling Africa’s property investment landscape forward Absa | Corporate and Investment Banking > Insights and Events > Propelling Africa’s property investment landscape forward SHARE Our transformative role as a Debt Provider in TriColour Investments’ R1.1 billion deal is a source of tremendous pride, and investing in new partnerships is the bedrock of writing innovative success stories. That’s why we are thrilled to announce our new deal with TriColour Investments (Pty) Ltd, a Johannesburg-based property investment company specialising in the development and ownership of commercial and industrial properties. With a robust portfolio valued at R1.6 billion, TriColour Investments focuses on prime A-grade offices and industrial assets. We have acted as the sole debt provider for this significant deal totalling over R1.1 billion, which includes three investment loans and one development loan. This strategic financing will facilitate the development of around 300 residential units in central Rosebank, unlocking substantial value in one of the city’s most prominent locations. In addition to the residential units, the project will feature a restaurant, coffee shop, rooftop bar, padel courts, gym, swimming pool and clubhouse, promoting a live-work-play environment and enhancing community cohesion. This initiative aligns perfectly with our commitment to driving economic and social progress in South Africa. We believe this collaboration exemplifies our dedication to empowering our clients and enhancing the communities we serve. By streamlining TriColour’s debt structure, we are ensuring they can maximise their investment potential, while providing quality housing options in the area. We look forward to witnessing the positive impact of this development and to a fruitful partnership with TriColour Investments. Contact us for more information https://cib.absa.africa/wp-content/uploads/2020/07/file_example_MP3_700KB.mp3 Related Articles DEALS Supporting expansion in SA’s healthcare property market Absa CIB partners with Growthpoint Healthcare Property Holdings on a R950 million facility to finance healthcare infrastructure. Read more DEALS Connecting African Growth with Global Capital Absa Corporate and Investment Banking supported Ecobank Transnational Inc.’s (ETI) landmark $125 million Eurobond Tap - the first African financial institution issuance in international markets following the tariff-related US market disruption. Read more DEALS Driving Impact Through Purposeful Capital At Absa Corporate and Investment Banking, we believe that sustainable investment is key to long-term economic resilience. Our support of LeapFrog Investments reflects our belief in creating measurable impact - across ESG, economic, and community outcomes, by backing businesses that are accelerating growth across emerging markets. Read more
