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Correction: Vantage Capital arranges R430 million of mezzanine funding for Collins Residential, one of South Africa’s largest residential developers

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  We are proud to support one of South Africa s leading residential developers in what will be a transformational development for the north coast of KwaZulu Natal JOHANNESBURG South Africa January 21 2022 APO Group Vantage Capital www VantageCapital co za Africa s largest mezzanine fund manager announced today that it has made available R430 million of mezzanine funds for the development of Seaton Estates a coastal residential development located on the north coast of Kwa Zulu Natal South Africa The promoter of the transaction is Collins Residential the residential arm of a diversified group with interests in the real estate hospitality and agricultural sectors both in South Africa and internationally The Collins Group is a multi generational family business headed by Murray Collins with construction roots dating back to the early 20th century Collins Residential has a proven track record in KwaZulu Natal with previous developments including the recently completed Zululami Luxury Coastal Estate adjacent to the Seaton development Mount Edgecombe Retirement Village and the Emberton Estate Seaton Estates seeks to support the growing need for residential housing in the upper and middle segments of the real estate market along the North Coast of KwaZulu Natal one of the fastest growing regions in South Africa The growth in housing demand is supported by strong emigration trends strong infrastructure investment in the region and the increased flexibility South Africans have to work from home a lasting consequence of the Covid 19 pandemic The Seaton Estates development is located on prime property with direct and exclusive access to a one kilometer stretch of beachfront Seaton comprises 1 198 individual residential posts and 29 planned urban developments in 7 phases The development is designed to be an eco friendly coastal property characterized by pastoral grasslands ocean views and rehabilitated indigenous forest land Facilities within the development will include leisure areas a beach clubhouse direct beach access multi sports facilities 26 km jogging biking trails and rehabilitated forests and natural parks Later stages of development will include mixed use commercial nodes retail education and sports facilities The development is close to the popular entertainment towns of Salt Rock and Ballito Murray Collins General Manager of Collins Residential said Seaton represents a unique way of living on a grand scale As developers of this iconic property we are driven by a genuine commitment to the conservation and preservation of the natural landscape while designing within the framework of meaningful and sustainable development to significantly elevate KZN s northern coastline This transaction represents Vantage Capital s 32nd mezzanine investment in four generations of funds in eleven African countries Outside of South Africa Vantage has invested in ten jurisdictions including Egypt Morocco Ivory Coast Ghana Nigeria Uganda Kenya Mauritius Namibia and Botswana Luc Albinski Chairman of Vantage Capital said KwaZulu Natal has been hit hard by the recent unrest We are delighted to be able to help restore confidence in the region by making our first interim investment from Vantage s fourth fund in this wonderful project which will create hundreds of jobs over its seven year construction period Roshal Ramdenee Associate Partner at Vantage Capital added We are proud to support one of South Africa s leading residential developers in what will be a transformational development for KwaZulu Natal s North Coast Seaton Estates directly addresses the needs of buyers in a thriving economic hub while providing unparalleled access to world class amenities and a wonderful ecological habitat Adaptive Consulting acted as financial advisor to the transaction Werksmans Attorneys acted as legal advisor to Vantage and other advisors included Webber Wentzel PWC JLL Pro Africa Citeplan and IBIS Consulting
Correction: Vantage Capital arranges R430 million of mezzanine funding for Collins Residential, one of South Africa’s largest residential developers

We are proud to support one of South Africa‘s leading residential developers in what will be a transformational development for the north coast of KwaZulu Natal.

JOHANNESBURG, South Africa, January 21, 2022/APO Group/ —

Vantage Capital (www.VantageCapital.co.za), Africa’s largest mezzanine fund manager, announced today that it has made available R430 million of mezzanine funds for the development of Seaton Estates, a coastal residential development located on the north coast of Kwa -Zulu Natal. , South Africa. The promoter of the transaction is Collins Residential, the residential arm of a diversified group with interests in the real estate, hospitality and agricultural sectors, both in South Africa and internationally. The Collins Group is a multi-generational family business, headed by Murray Collins, with construction roots dating back to the early 20th century. Collins Residential has a proven track record in KwaZulu Natal, with previous developments including the recently completed Zululami Luxury Coastal Estate (adjacent to the Seaton development), Mount Edgecombe Retirement Village, and the Emberton Estate.

Seaton Estates seeks to support the growing need for residential housing in the upper and middle segments of the real estate market along the North Coast of KwaZulu Natal, one of the fastest growing regions in South Africa. The growth in housing demand is supported by strong emigration trends, strong infrastructure investment in the region and the increased flexibility South Africans have to work from home, a lasting consequence of the Covid-19 pandemic.

The Seaton Estates development is located on prime property with direct and exclusive access to a one kilometer stretch of beachfront. Seaton comprises 1,198 individual residential posts and 29 planned urban developments, in 7 phases. The development is designed to be an eco-friendly coastal property characterized by pastoral grasslands, ocean views, and rehabilitated indigenous forest land. Facilities within the development will include leisure areas, a beach clubhouse, direct beach access, multi-sports facilities, 26 km jogging/biking trails, and rehabilitated forests and natural parks. Later stages of development will include mixed-use commercial nodes, retail, education and sports facilities. The development is close to the popular entertainment towns of Salt Rock and Ballito.

Murray Collins, General Manager of Collins Residential, said: “Seaton represents a unique way of living on a grand scale. As developers of this iconic property, we are driven by a genuine commitment to the conservation and preservation of the natural landscape while designing within the framework of meaningful and sustainable development, to significantly elevate KZN‘s northern coastline.”

This transaction represents Vantage Capital’s 32nd mezzanine investment in four generations of funds in eleven African countries. Outside of South Africa, Vantage has invested in ten jurisdictions, including Egypt, Morocco, Ivory Coast, Ghana, Nigeria, Uganda, Kenya, Mauritius, Namibia and Botswana.

Luc Albinski, Chairman of Vantage Capital, said: “KwaZulu Natal has been hit hard by the recent unrest. We are delighted to be able to help restore confidence in the region by making our first interim investment from Vantage’s fourth fund in this wonderful project, which will create hundreds of jobs over its seven-year construction period.”

Roshal Ramdenee, Associate Partner at Vantage Capital, added: “We are proud to support one of South Africa‘s leading residential developers in what will be a transformational development for KwaZulu Natal’s North Coast. Seaton Estates directly addresses the needs of buyers in a thriving economic hub, while providing unparalleled access to world-class amenities and a wonderful ecological habitat.”

Adaptive Consulting acted as financial advisor to the transaction, Werksmans Attorneys acted as legal advisor to Vantage and other advisors included Webber Wentzel, PWC, JLL, Pro Africa, Citeplan and IBIS Consulting.

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