Norton Rose Fulbright advises Stanlib on R250 million term loan to Calgro M3 Holdings
South Africa | Press release | August 2025
Norton Rose Fulbright has advised Stanlib Asset Management, one of South Africa’s leading investment managers, on a R250 million term loan facility granted to JSE-listed property developer Calgro M3 Holdings Limited.
The facility forms part of Calgro M3’s broader capital management strategy, enabling the company to refinance existing debt and strengthen its working capital position as it continues to expand its footprint in the integrated residential and social housing sector.
Acting as lead legal counsel to Stanlib, Norton Rose Fulbright supported the structuring and execution of the facility, ensuring alignment with Stanlib’s investment objectives and risk parameters.
“This financing supports a business with a significant role in addressing South Africa’s housing development needs, and we’re pleased to have partnered with Stanlib on a transaction that advances both commercial and developmental priorities,” said Izak Lessing, Banking and Finance director at Norton Rose Fulbright South Africa.
The deal team was led by director, Izak Lessing, with associate Adrienne Hendricks providing key transactional support.
The transaction reinforces Norton Rose Fulbright’s expertise in advising institutional lenders on mid- to large-scale financing arrangements across the property and infrastructure sectors.
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