Row rect Shape Decorative svg added to bottom 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 Powering South Africa’s energy transition through scalable infrastructure solutions Absa Corporate and Investment Banking partnered with Mulilo Energy Holdings on the financing of the 77MW / 308MWh Hartebeesfontein Battery Energy Storage System (BESS) project, acting as Joint Mandated Lead Arranger, Senior Lender, Hedge Provider and Agent Bank. Read more DEALS Empowering sustainable growth, one phase at a time. We successfully supported the syndication of a USD700 million facility for the Ivanplats Phase 2 expansion – one of the country’s largest new mining projects in more than a decade. Read more DEALS Expanding trade finance access across African markets Access to trade finance remains a key enabler of growth across Africa. Read more
