Nedbank Portfolio Disposal – Properties for Sale

Nedbank Corporate Real Estate has announced a strategic decision to dispose of a top-rated portfolio, creating a rare opportunity for investors to purchase properties in desirable areas with strong lease covenants by a blue-chip tenant. 

The advent of technology has seen the banking sector review its offering. This, coupled with the global trend of corporates to utilise their balance sheets differently, has created a unique purchasing opportunity for investors and developers.

Nedbank is offering a sale and leaseback opportunity, an inviting and financially viable opportunity for various property investors ranging from real estate investment trusts (REITs) to private investors. With the commercial sector under pressure, this is an opportunity to purchase good income-producing properties with strong blue-chip tenants.

Each of the properties has the potential of being turned into a multitenanted, multi-use property, enabling an investor to mitigate single-tenant risk over time.

A closer look at the properties

The six properties for sale are located around the country in George, Franschhoek, Pretoria, Durban and Gauteng.

Kingsmead, Durban, is the largest of the Nedbank properties for sale. The building offers approximately 30 000 m² of gross lettable area over the six floors and is located immediately north of Durban’s central business district. A new landlord will benefit from the existing green building four-star rating, with improved energy and water usage. This is also attractive to tenants seeking space in this node.

Another sought-after property, located in Sandton, at 105 West Street, is up for sale. Easily accessible from highways and main roads and surrounded by corporate offices and amenities such as the Sandton City Shopping Centre and the Sandton Gautrain station, the location could not be more advantageous. The building offers approximately 22 000 m² gross lettable area with excellent infrastructure and backup facilities. This property is sold vacant with the data centre remaining and is an ideal corporate head office opportunity. Its design creates the ideal footprint for developers of residential and hospitality to repurpose the building for apartments and a hotel.

The other properties are smaller in size but offer equally good investment opportunities. Brochures and due diligence information is accessible through Quoin Online’s website.
View the brochures here.

Acquire these properties online

Quoin Online has been appointed to manage the disposal process on behalf of Nedbank Corporate Real Estate. Quoin Online’s software enables buyers and sellers to complete the entire transaction online and from anywhere in the world. First to market in 2014, Quoin Online pioneered the change of the digitalisation of South African commercial property transacting and has leveraged their technology to dispose of hundreds of commercial properties on behalf of many of the listed and private property funds, banks and corporates successfully. 

Online, buyers are given access to photographs, virtual tours and the full scope of due diligence information needed to make an informed decision before submitting an offer online. The transaction methodology gives all buyers an equal opportunity to view all information and to make offers through a process that is fair, transparent and accessible. Quoin Online’s innovative blockchain technology ensures a fully transparent and auditable process by tracking and reporting on data and use.

Download the online sale process. For more information, please contact Karen Miller at or +27 (0)83 327 2072.

Register for Quoin Online.