Nedbank acquires a 50% stake in Burstone Group’s property platform for R677 million

Lead party: Nedbank Corporate and Investment Banking (Nedbank CIB) (lead investor/buyer)Coverage: Meridian Capital (investment and transaction tracker; data from Partner Researchers, editorially reviewed). Target: Burstone Group Limited (public company) · Sector: Real Estate, REITs · Countries of operation: South Africa Transaction type: Merger/Acquisition(M&A) · Asset class: Private Equity · Strategy: Growth Equity, Joint Venture ·…


Lead party: Nedbank Corporate and Investment Banking (Nedbank CIB) (lead investor/buyer)

Coverage: Meridian Capital (investment and transaction tracker; data from Partner Researchers, editorially reviewed).

Target: Burstone Group Limited (public company) · Sector: Real Estate, REITs · Countries of operation: South Africa

Transaction type: Merger/Acquisition(M&A) · Asset class: Private Equity · Strategy: Growth Equity, Joint Venture · Instrument: Ordinary Shares (Equity) · Deal amount: US$41.3m · Equity stake: 0.5% · Implied EV: US$82.6m

Lead investor/buyer: Nedbank Corporate and Investment Banking (Nedbank CIB) · Investors/buyers: Nedbank Corporate and Investment Banking (Nedbank CIB)

Legal advisers: not identified in the source record.

Source: announced 28 September 2026. Original announcement: africainvestorreview.com.