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 Financing agricultural growth across Southern Africa Absa Corporate and Investment Banking arranged a USD350m financing facility for United Capital Fertilizer Ltd (UCF) to help scale production and improve fertilizer supply across key African markets. Read more DEALS Advancing renewable energy resilience through structured finance Absa Corporate and Investment Banking supported Envusa Energy, a joint venture between Anglo American and EDF Power Solutions, in the financing of the Sishen Solar PV project. The embedded renewable energy facility will supply solar power directly to the Sishen Iron Ore Mine in the Northern Cape, South Africa. Read more DEALS Enabling mining development to support South Africa’s economic growth Absa CIB acts as joint mandated lead arranger, hedge provider, account bank and facility agent for West Wits Mining’s Qala Shallows Gold Project Read more
