A major funding agreement to the tune of R1 billion has been secured by the developers of The Paradigm, a new luxury residential development in the heart of Cape Town’s city centre, banking group FNB confirmed this week.
Located at 100 Buitengracht Street, the project will introduce 240 premium residences to one of the Mother City’s most prominent urban settings.
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The scale of the funding is said to reflect a strong institutional belief in the resilience of the Western Cape property sector.
Preggie Pillay, CEO of FNB Commercial Property Finance, noted that the city continues to distinguish itself through sustained demand and investment appeal.
“The Paradigm is the kind of development that speaks directly to this market – well positioned, well considered, and aligned with the expectations of today’s buyer,” he added.
Pillay said FNB’s involvement reflects “confidence not only in the development itself, but also in the continued strength and long-term attractiveness of the Cape Town market.”
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The development is a collaborative effort led by Vantage Property and Tiber Construction, featuring a design by dhk Architects in partnership with Fabian Architects.
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Construction originally commenced in November 2024, and the project is currently scheduled for completion in the third quarter of 2027.
José Rodrigues, director of Vantage Property, described the project as a “bold statement of confidence” in the future of the city centre.
“We have set out to create a development of genuine quality and lasting significance — one that combines exceptional design and luxury living in a world-class urban position,” Rodrigues said.
He further emphasised that the partnership with FNB “reflects the strength of the vision, the quality of the product and the confidence that leading institutions have in what we are building.”
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Elevated urban living
Designed to offer a “curated lifestyle,” The Paradigm will feature a range of high-end amenities aimed at enriching the resident experience. These include:
- A seventh-floor swimming pool deck
- 24-hour concierge and valet services
- On-site car-sharing facilities
- Curated retail spaces within the complex
As the development moves toward its 2027 completion date, it stands as a R1 billion bet on the continued demand for luxury, mixed-use living in the heart of South Africa’s most “globally admired” property market.
Listen to Koketso Mano, senior economist at FNB, speaking about SA’s residential property market on The Property Pod with Suren Naidoo:
You can also listen to this podcast on iono.fm here.
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