Apr 01, 2017
Standard Bank was invited by Pareto Limited to participate in R3 billion loan syndication process. Pareto is a South African property investment company with a strong focus on acquiring and holding super-regional and regional shopping centres in South Africa, as well as mixed-use developments. Some of their key assets include Menlyn Mall, Pavilion and a 25% stake in Sandton City. Standard Bank was successfully awarded with a R1.5billion allocation for a tenure of 48 months.
Pareto is retail fund with an asset base of R26 billion. They are 76% owned by the Government Employees Pension Fund (GEPF) and 24% by a BEE consortium.
This was another collaborative team effort to construct an attractive deal which reflects the Corporate and Investment Banking model of unlocking growth potential through serving our customers better. Standard Bank is committed to the development of business and is able to achieve this through the right attitude and deep knowledge of our people.Back to all deals
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