RMB funds landmark Atterbury property in Waterfall City [SPONSORED]

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In the real estate industry, the right location is key, which is why Deloitte Africa chose Waterfall City as the ideal location for its new Africa head office. RMB is proud to have funded this landmark property development on behalf of the Atterbury Group. The RMB Real Estate Investment team acted as lead arranger, structurer, funder and hedge provider to create a multi-tiered, ZAR780-m end-to-end solution.

“We partner with our clients to structure long-term financing solutions across the capital structure. We were able to structure a unique funding solution for Atterbury that would enable them to increase their cashflow to allocate scarce capital elsewhere in their business, while driving down interest costs,” says David Downes, Head of RMB Real Estate.

“Our multidisciplinary approach as financiers together with our investment banking mindset, enabled us to offer Atterbury a fully funded financing solution that incorporates senior and mezzanine funding. RMB prides itself on putting together bespoke funding structures to ensure our clients are able to deliver on landmark development projects?” says Riyaad Khan, RMB Real Estate Transactor.

Waterfall City is currently the largest urban concept development of its kind in South Africa. Its central and easily accessible location as well as major highway frontage makes it the perfect real estate for corporate and commercial clients. Deloitte’s new A-grade premises will cover 42 500 sqm, accommodate close to 4 900 people and be built in line with Green Building standards.

“We are proud to play a part in changing Africa’s skyline and developing the continent’s economic potential,” concludes David.

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