Inner-city property investment and development are key drivers for urban regeneration and diversification, neighbourhood revitalisation and local economic development.
Local property financier TUHF recently secured a R700 million investment by Standard Bank to be allocated to TUHF’s securitisation programme, which offers finance loans to inner-city commercial property developers. TUHF finances individuals who purchase, convert or refurbish derelict and abandoned buildings.
‘The inner-city property market is a solid and sustainable investment,’ says TUHF CEO Paul Jackson. ‘[This investment] vindicates the inner city as our investment destination, which is consistent with our business-growth objectives.’ The move follows the firm’s successful execution of a R650 million mortgage-backed securitisation in December 2018.
TUHF has financed more than R4 billion worth of inner-city residential rental property with a current loan book of more than 20 000 residential units.