Developers of Sandton’s biggest apartment building gets R600 million loan

Mercantile Bank has structured a R600 million financing deal for the completion of an upmarket, mixed use Sandton development called “The Central Square”, developed by Lushaka Investments.

It will be the largest mixed-use, upmarket apartment building in Sandton.

We interviewed Karl Kumbier, CEO Mercantile Bank.

Scroll down to listen to the interview.

It will be ten floors - on top of six floors of parking - with 150 apartments.

Karl Kumbier, CEO Mercantile Bank

This article first appeared on 702 : Developers of Sandton’s biggest apartment building gets R600 million loan


Recommended

by NEWSROOM AI
Read More
How this year’s Budget will affect your pocket

How this year’s Budget will affect your pocket

Warren Ingram (Galileo Capital Personal Financial Advisor) critiques this year's budget.

Is EOH corrupt? Is that why Microsoft ran for the hills? Its CEO explains…

Is EOH corrupt? Is that why Microsoft ran for the hills? Its CEO explains…

The Money Show’s Bruce Whitfield interviews Stephen van Coller, CEO at EOH Holdings.

'R23 million for rent a month seems huge. I don't think we could've done better'

'R23 million for rent a month seems huge. I don't think we could've done better'

The Money Show’s Bruce Whitfield interviews Adrian Gore, founder and Group Chief Executive Officer at Discovery Limited.

‘We’d be crazy to copy! Sometimes we get it wrong. There's no culture problem'

‘We’d be crazy to copy! Sometimes we get it wrong. There's no culture problem'

The Money Show’s Bruce Whitfield interviews Ian Moir, CEO at Woolworths.

'Minister Mantashe gave us confidence to inject R6 billion into South Africa'

'Minister Mantashe gave us confidence to inject R6 billion into South Africa'

Bruce Whitfield interviews Anglo American CEO Mark Cutifani about his company’s sound financial results.

Mystery buyer drops R1.1-billion on a single-family flat in New York

Mystery buyer drops R1.1-billion on a single-family flat in New York

This is an all-time record for Manhattan where the average apartment costs R21-million (US$1.8-million).

Popular articles
‘We’d be crazy to copy! Sometimes we get it wrong. There's no culture problem'

‘We’d be crazy to copy! Sometimes we get it wrong. There's no culture problem'

The Money Show’s Bruce Whitfield interviews Ian Moir, CEO at Woolworths.

'R23 million for rent a month seems huge. I don't think we could've done better'

'R23 million for rent a month seems huge. I don't think we could've done better'

The Money Show’s Bruce Whitfield interviews Adrian Gore, founder and Group Chief Executive Officer at Discovery Limited.

[VIDEO] Muizenberg pedestrian attacked in broad daylight

[VIDEO] Muizenberg pedestrian attacked in broad daylight

A woman was attacked on her way to work earlier this month.

'Tourist who survived 20m fall on Table Mountain is the luckiest man alive'

'Tourist who survived 20m fall on Table Mountain is the luckiest man alive'

Incident commander Roy Schoor says the man fell 20m and landed on a section of a cliff. His cry was heard by someone in Camps Bay.

'Bring back skilled engineers to Eskom' - Solidarity

'Bring back skilled engineers to Eskom' - Solidarity

Trade Union Solidarity says it supports Pravin Gordhan's idea that technicians who used to work for Eskom should be brought back.

Criminals targeting homes with aluminium windows, warns neighborhood watch

Criminals targeting homes with aluminium windows, warns neighborhood watch

The Panorama, Welgelegen and Plattekloof Neighbourhood Watch has identified a new house break-in trend.