Rabie notches up R550m in sales at Burgundy
Rabie has sold more than R550million of residential property at Burgundy Estate since getting involved as a joint venture partner with Nedbank in early 2015.
The first project, Vermont, consisting of 191 apartments, has now been completed with the entire development having been sold to an investment company for rental stock. These units have been snapped up by tenants and will be fully occupied by June.
Nedbank & Rabie join forces to complete Burgundy Estate
Nedbank Corporate and Investment Banking and Rabie Property Group have joined forces to complete the Burgundy Estate residential development in Cape Town with the first two projects totalling 370 units at a cost of R400million due to get underway shortly. According to Richard Thomas, the Regional Executive for Property Finance Cape at Nedbank Corporate and […]
