Partnerships
IFC Key Partnership
IFC is the world’s largest global development institution focused on emerging markets, operating in over 100 countries with a commitment to deploy US$31,5 billion of funding to qualifying companies and institutions.
In 2022, Alleyroads concluded the first phase of a strategic funding deal with IFC for R325 million to develop over 1 000 affordable rental housing units in Gauteng, due for completion in early 2024.
The funding agreement was subject to an extensive due diligence by IFC and strict lending criteria. The Group aims to leverage its good standing to grow its relationship with IFC in future.
This funding partnership forms the cornerstone of Alleyroads’ Vision 2027 that targets a portfolio of 5 000 units for the IFC forming part of an overall total target of 20 000 units.
IFC EDGE Champion
In 2022, Alleyroads enrolled 4 048 affordable rental residential housing apartments or approximately 263 233 m2 for Excellence in Design for Greater Efficiencies (EDGE) certification. The certification marked one of the first affordable residential rental housing developments to be EDGE certified in South Africa and qualified Alleyroads as an EDGE Champion.
To qualify for EDGE certification a project needs to save at least 20% in energy, water, and embodied energy in materials compared to a conventional building.
In March 2023 Alleyroads became the first developer in South Africa to achieve EDGE certification applying its most updated version for its Illovo Country Estate development in KwaZulu-Natal. EDGE’s new version applies an updated baseline that reflects more current standard practices for buildings. The objective of this update is to ensure that green projects are in fact more efficient than the local baseline, therefore, it motivates developers to be innovative and more ambitious in terms of the resource efficiency of their projects.
Alleroads’ Illovo Country Estate achieved 26% energy savings, 36% water savings and a total of 57% less embodied energy in materials compared to conventional building methods. This results in 28.12 tonnes of CO2 savings per year.
B-BBEE, Memberships & Accolades
- Level 1 Broad-Based Black Economic Empowerment Contributor Level
- IFC EDGE Champion
- SAVCA SME Enterprise Finalist for 2022
- Member of the Green Building Council of South Africa
- Absa top supporter recognition
Other Partnerships
Gauteng Partner Fund
Nurcha Construction Finance and Programme Management
Futuregrowth Asset Management
First National Bank
Nedbank
Absa Bank
Vantage Capital
National Home Builders Registration Council
National Housing Finance Corporation
Necron Property Management
Construction Industry Development Board
Sasfin
Fedbgroup
International Finance Corporation (IFC)
Excellence in Design for Greater Efficiencies (EDGE)
Contact Us
21D Polo Crescent, Woodmead Office Park, Woodmead, South Africa
+27 87 985 0470
Membership & Registrations:
- IFC EDGE Champion
- Member of the Green Building Council of South Africa