Property Development – Retirement Accommodation
Date of investment:
Senior Debt and Equity
OMRAF, Power CLV Holdings
OMRAF entered into a joint venture with Power Group and C’est La Vie Projects to develop the last phase of an established retirement estate in Pretoria East, Gauteng. The phase will consist of 86 residential units, 84 assisted living apartments and 10 frail care units for sale on a life right basis. The estate already contains a gym, coffee bar, library, hair salon and a club house.
Construction to start in the second half of 2016