SELECTED INVESTMENTS - MAFIKENG
Description: acquisition out of liquidation of 76 hectares comprising 21vacant erven with zoning in place for retail and residential use on the Marang Estate in Mahikeng. Exit through the sale of serviced sites.
Nature of investment: Senior debt finance secured by 1st charge over property valued at R106 million. We also hold 100% of the equity which will be transferred to the developer on repayment of our loan.
Investment size: ZAR25.5million
Term: 18 months
Projected return: >25% per annum