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SECURED DEBT

SELECTED INVESTMENTS - CAPE ROYALE

Description: Construction of 141 luxury sectional title apartments in Cape Town, in close proximity to the development of a stadium for the world cup football in 2010. ZAR 190 million development, senior debt funded by Barclays, fixed cost construction contract with Stocks Building Africa, monitored by Turner & Townsend and 80% pre-sold

Nature of investment: Mezzanine finance

Investment size: ZAR10million

Term: 18 months

Delivered return: >25% per annum

See www.caperoyale.co.za

SELECTED INVESTMENTS


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