Inner City Gazette

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14 - 21 March 2013 Tel : 011 023-7588 / 011 402 - 1977

Fax: 086 609 8601

Email : info@inner-city-gazette.co.za Website : www.inner-city-gazette.co.za

Distributed free to households, churches, schools, libraries and businesses in Bellevue East • Bellevue • Benrose • Berea • Bertrams • Braamfontein • City and Suburban • City and Suburban Industrial • City Deep • City West • Crown Gardens • Denver • Doornfontein • Elandspark • Elcedes • Fairview • Fordsburg • Glenanda • Heriotdale • Hillbrow • Jeppestown South • Jeppestown • Johannesburg Inner City • Kensington • Lorentzville • Malvern • Marshallstown • New Doornfontein • Newtown • North Doornfontein • Rosettenville • Troyeville • Turffontein • Village Main Ext 3 and Yeoville .

Threat to burn

Arise and shine

Gautrain Page 5

Page 10

African passion comes to

Joburg

Stories from the African continent

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New life for Newtown Moses Moyo moses@inner-city-gazette.co.za

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bout 500 tenants have moved into Newgate, the latest residential precinct between Jeppe and Bree sreets opposite Bree Street Taxi Rank, on the periphery of Newtown in the Johannesburg inner-city. Head of Real Estate Investments at Standard Bank, Lael Bethlehem says refurbishment of the 11 storey, 25 000m² building got underway at the beginning of 2012. “The building now comprises a mix of retail and residential space.” The residential component is divided between eight residential floors in the north façade of the building, and six residential levels in the south façade, amounting to 216 rental units. Originally owned by Standard Bank, the decision was taken to revitalise the building through an R80 million joint venture with Afhco housing company. Standard Bank and Afhco own 50% of the building and are partners in the development. Afhco, Chairman and COO Renney Plit says: “There is a lot of demand for secure and reasonably priced rental housing. Newgate is a prime example of where this can be successfully met.

We are pleased to have partnered with Standard Bank on this development.” Afhco, founded in 1996, has delivered over 5 500 affordable housing units in the Joburg inner-city and has been instrumental in upgrading and converting derelict highrise buildings. Afhco also created improvement districts by addressing social and schooling issues, and by lobbying Council to assist with public space upgrades and service delivery. Standard Bank, which maintains head offices in the Joburg CBD, has been involved in several restoration projects. Bethlehem says the units are well designed and each unit boasts quality, modern fittings such as granite kitchen counter tops, fitted cookers, built in cupboards and high-end sinks, baths and taps. Every unit also comes with pre-fitted window blinds. Each apartment has a metered water supply, and the water is heated by energy efficient heat pumps. Prepaid electricity meters have been fitted in every unit and tenants may plug into pre-fitted DSTV aerials, log into wireless internet, or use private phones provided for each unit. “Low energy ambient lights have been fitted in the apartments, and common areas and light sensors installed in the passag-

From left: Afhco CEO Renney Plitt, CIB Real Estate Standard Bank’s Stewart Shaw-Taylor, Standard Bank Joint CEO Sim Tshabalala and JDA CEO Thanduxolo Mendrew during the opening ceremony. Pic: Standard Bank Communications

es, which helps reduce the building’s costs. Energy efficient lifts have also been installed,” Bethlehem says. She adds that security is taken seriously. “Tenants access their units via a guarded, biometric access area on the first floor. Standard Bank is seeing a lot of demand for affordably priced accommodation, as such, we wanted

to provide units which meet this requirement and provide tenants with a sense of belonging and dignity.” The centre hass 616 parking bays and a 7 500m2 retail centre on the lower levels. The Centre includes a 2 200m2 Cambridge Supermarket. The Centre also offers medical suites, a post office and will soon have a gym.

JDA CEO Thanduxolo Mendrew said the the inner city is beyond a crossroads. “It is on a steady path to continued vibrant growth. Platforms have been established for the inner city to be a highly functioning, well connected exciting place to do business, invest, live, work and play. It is a place of promise,” he said.


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