FNB and The Paradigm are pleased to announce the conclusion of a funding agreement that will make R1 billion available for the development of The Paradigm, a significant new luxury mixed-use residential development in the heart of Cape Town.
Located at 100 Buitengracht Street, The Paradigm 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.
Preggie Pillay, CEO of FNB Commercial Property Finance says, “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. 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 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.”
Construction on 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 2027.
José Rodrigues, Director of Vantage Property says, “The Paradigm is a bold statement of confidence in Cape Town and in the future of its 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.”
He adds: “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.