SELECTED INVESTMENTS - ISAGO
Description: Purchase from the Motlasana Municipality of over 1,050 hectares of zoned land situated in the development corridor between Klerksdorp and Stilfontein. Exit through the sale of serviced bulk retail sites to other developers including a pre-arranged sale of a site on which a 50,000 sqm regional shopping centre will be developed.
Nature of investment: Senior debt finance secured by 1st charge over property valued at R210 million
Investment size: ZAR80 million
Term: 36 months
Projected return: >25% per annum