R1 billion funding secured for luxury mixed-use development in Cape Town CBD

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. A funding agreement that will provide R1 billion for the development of a new luxury mixed-use residential development in the heart of Cape Town has been announced. The Paradigm, located at 100 Buitengracht Street, will introduce 240 premium residences to the city centre, combining striking architecture, expansive views and a carefully curated lifestyle offering in one of Cape Town’s most prominent urban settings.

FNB and The Paradigm announced the conclusion of the deal on Wednesday. “Cape Town continues to distinguish itself as one of South Africa’s most compelling property markets, supported by sustained demand, investment appeal, and a globally admired lifestyle, says Preggie Pillay, CEO of FNB Commercial Property Finance. He adds, “FNB is proud to support a project of this scale and quality.

Our funding of The Paradigm reflects confidence not only in the development itself, but also in the continued strength and long-term attractiveness of the Cape Town market.” The construction of the development, led by Vantage Property together with Tiber Construction, commenced in November 2024. Designed by dhk Architects in collaboration with Fabian Architects, the project is scheduled for completion in the third quarter of next year. “The Paradigm is a bold statement of confidence in Cape Town and in the future of itscity centre, says José Rodrigues, director of Vantage Property.

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“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.” He adds that: “Securing this funding with FNB is a major milestone for the project. It reflects the strength of the vision, the quality of the product and the confidence that leading institutions have in what we are building.” The development will offer a range of bespoke amenities, including a seventh-floor swimming pool deck, 24-hour concierge and valet services, car-sharing and curated retail spaces designed to enrich the resident experience.

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