Newlyn Group’s bespoke bulk cargo terminal developments are engineered to raise efficiency across the bulk logistics sector and are set to transform the country's port logistics landscape.
A South African ports logistics and infrastructure developer has concluded an R5 billion integrated financing solution which will power its national development pipeline, enabling growth at scale.
The finance solution with Absa CIB will fund the Newlyn Group’s delivery of infrastructure assets across key logistics corridors in South Africa.
“We are pleased to announce that Absa CIB has developed a bespoke real estate solution at favourable terms for Newlyn Group, unlocking liquidity to enable our growth at scale, while, at the same time, supporting our ongoing balance sheet strength,” says Rajendra Balmakhun, the founder and CEO of Newlyn Group.
Somaya Joshua, managing executive of real estate at Absa Corporate and Investment Banking, notes that this innovative transaction with Newlyn Group demonstrates their capacity to construct complex solutions and highlights Absa CIB's strong partnerships with key clients across the real estate sector.
