13 June 2007
Villa Tritonia Bags 959 Million Rand Property Finance Deal in 8 Weeks
Submitted by: Eben Keyser{pp}South Africa is quickly moving into a fiercely-paced decade of property development which has never been seen before. Despite being touted a property “hot spot” over the past few years, the Eastern Cape’s property markets have been held back by inadequate finance and slow government bureaucracy. Support from the private development sector has largely contributed to the economic development and diversity of the Eastern Cape’s property markets, making the property development market a key element of growth besides trade and tourism.
Wellba Developments (Pty) Ltd, under the highly capable leadership of the owner, Mr. Philip Zulch; is moving quickly forward becoming an established player in the property development market in the Eastern Cape. Wellba Developments (Pty) Ltd identifies and acquires promising undeveloped real estate primarily in the Eastern Cape. Due to the complexities of facilitating and negotiating international venture capital finance, property development requirements are stringent: Projects must be “high profile” and exclusive in execution. Though a prospecting property developer needs access to international corporate resources and property investment capital, Mr. Zulch approached Villa Tritonia (SA) to spearhead the procurement of affordable international venture development capital on its behalf. Villa Tritonia Africa, franchise-holder of the larger international Villa Tritonia Franchise Group; arranges access to corporate big-league venture capital and professional advisory resources. The company specialises in international property development, investment and speculation. Within 8 weeks Villa Tritonia secured property development finance worth R959 million on behalf of Wellba Developments, breaking new ground in the South African property market. Villa Tritonia has so far processed applications for project finance facilitation in excess of R15 Billion since the start of their financial year on 1 March 2007. Villa Tritonia has the ability to successfully match the exact corporate resource to each individual project opportunity and has truly earned its reputation in the property market. Mr. Eben Keyser, franchise holder of Villa Tritonia Africa praised all team players in the project, especially Del Castienne and said: “It’s this focus, our real estate knowledge, and our constant attention to detail that has earned us our solid presence in the property finance industry today. We have focused on applying our industry expertise to all our South African ventures and our phenomenal success is the result of our focused passion for uncompromising excellence in every project undertaken and dedication to quality in our past, present and future.” Due to the complexities of facilitating and negotiating international venture capital finance, Villa Tritonia approached Mr. Marthinus Fourie from Del Castienne South Africa to act as the project leader during the negotiation process between all the parties involved. Del Castienne South Africa, a local business and project brokerage franchise; specialises in various business and project related facilitation and negotiation processes and transactions. International project transactions worth R 4.4 billion in the last 12 months has been negotiated. Underwritten by Corporate Investment Consortium (LLC) of Delaware in the United States of America, the company took a healthy long-term view of the South African property market above that of Mauritius due to the proven sustainability of SA’s property growth and capital return history. The SA Reserve Bank on Friday gave their approval for the transaction, hence the developments on the four Wellba Developments can now commence boosting the Eastern Cape economy and property market with billions of Rand. Contact Details: Eben Keyser eben@ibdf-online.com Mobile 072 545 9438 www.ibdf-online.com
Total Words: 659
Published in Industry, Real Estate and Construction