HOMEFRONT 13 OCTOBER 2016 WWW.BDLIVE.CO.ZA 29 MARCH 2019 WWW.BUSINESSLIVE.CO.ZA
MUST READ
CENTURY_THE BLOKHILLS GAME RESERVE ESTATE TENONQ-FLAT THE OVAL Gåte at Quoin Rock: defining opulence PAGE 2
Rentals show signs of a revival PAGE 12
Rubik’s cube glass building launched PAGE 14
TENONQ in Sea Point, Cape Town
Going off plan Ground broken at Harbour Arch
Modern urban and gated developments are luring buyers who benefit from convenience, customisation and cost savings by buying off plan PAGE 6
PAGE 14
WE KNOW THE INS & OUTS OF EVERY NEIGHBOURHOOD Whether you’re looking to buy, sell or rent, speak to us for expert advice. www.jawitz.co.za
HOMEFRONT FOOD AND DECOR
Designed for drama O Quoin Rock outside Stellenbosch is drawing diners for experiential dining in an individualistic architectural setting WORDS: KIM MAXWELL :: PHOTOS: GARY COX AND MICHAEL LA GRANGE
Bronzed vines by Charles Haupt and wood arches by Pierre Cronje in Gåte restaurant
Gåte’s pergola patterns mimic vine leaves
n entering the refurbished Quoin Rock winery building in the Stellenbosch winelands, the first impression is of scale. A series of rusted beams and splashing water features frame your arrival on foot. As a design feature, these coppery metal tones are intended to emulate the soils of the Simonsberg, the water features linking visually to farm streams. If the name seems familiar, there is a reason. Vitali Gaiduk bought Quoin Rock farm in 2012. Previously it had belonged to controversial businessman Dave King before SA Revenue Service attached it as a distressed sale. Gaiduk is associated with politics and steel mills in the Ukraine. Son Denis Gaiduk is Quoin Rock’s MD. His wife Julia Gaiduk has a PhD in architecture. Aside from building design, she co-ordinated the artworks and interior decor of the winery reception and function venue. Gaiduk also created the flagship fine dining restaurant Gåte that opened last November.
Design
Gaiduk’s 20-year career focused on architecture projects in Kiev. “My thesis was on the principles of reconstruction. So in a South African context, working in Kiev was more like being in Johannesburg, with many abandoned industrial areas,” she says. “The winelands was a very different type of project for me. The Quoin Rock restaurant was a tasting room with brick walls and small windows. Denis was pushing me to create something different,” she says. Accepting the challenge, she opened up the Quoin Rock space, replacing restaurant walls with frameless glass stacking panels “to bring the surroundings inside”.
PERGOLA The original buildings were two adjoining elongated rectangles, built parallel to each other. Instead of thinking vertically, Gaiduk linked the two structures on the horizontal, a new pergola forming a structural link between the buildings. The pergola runs the length of the restaurant to
Julia Gaiduk and Pierre Cronje’s wooden service station is a focal point
HOMEFRONT
An aromatic beef broth brings dining surprises
the function area. Laser-cut aluminium panels fit into I-beams, creating a striking dappled effect for daytime diners indoors looking out. The panels mimic the shape of vine leaves, a visual link to the vineyards outside. Sculptor Adriaan Diedericks adds visual impact outside the function hall, with his striking sculpted work of a man leaning intently over a circular pond.
FURNITURE Pierre Cronje was enlisted to produce Gaiduk’s exclusive furniture designs; her brief to him to create chairs and banquettes in lighter tones. “I am in love with the work of Pierre Cronje, so I involved him in the furniture,” she says. “My designs; he produced it. We wanted to create a comfortable space.” Gaiduk illustrates her meticulous approach in a dining chair upholstered in winter white leather. “A
chair is really important in a restaurant, and people have to be really comfortable, especially with a Rikku dining experience,” she says, beckoning to look under the chair base. “This restaurant chair took four months. It has to be comfortable, your back relaxed. We changed the length of the chair arms three times. Even the joints underneath had to be perfectly finished in brass seams.” Gaiduk continues her train of thought. “Luxury is not gold and diamonds everywhere. Luxury is comfort.” With furniture painstakingly created in this manner, she may be on to something.
Julia Gaiduk, architect, Quoin Rock
The Gåte evening dining experience extends to 16 courses full of interactive and visual eating drama. There is a five-course lunch menu. Executive chef Rikku Ò’Donnchü grew up in the UK and owes his name to Irish-Icelandic parents.
A focal point in the dining space is a circular central service station created by Pierre Cronje in solid oak. “I was inspired by the shape of the wooden fermentation ‘eggs’ (tanks) where grapes A EDITORIAL TEAM Editor: Kim Maxwell Designer: Samantha Durand
are fermented during harvest in our adjacent winery,” says Gaiduk. The station is surrounded by Cronje’s banquettes, chairs and solid wood tables, and wooden floors continue the natural elements. A small bronze vine lies above one restaurant banquette, a sculptural piece by Charles Haupt of Bronze Age Studio. Over in the winery reception, Haupt’s bigger, gnarled bronze vine adds organic texture as it soars towards the ceiling for more than 5m. Its circular frame of spraying water was created by Clive Giliomee of Water in Motion.
Dining
FOCAL POINT
PRODUCED BY BLACKSTAR PROPERTY PUBLISHING 1st Floor, Block H, Sable Square, Cnr Bosmansdam and Ratanga roads, Milnerton, Cape Town 021 447 7130
“Luxury is not gold and diamonds everywhere. Luxury is comfort”
Gåte’s Ike Mata coconut and black cod dish
Ò’Donnchü creates labour-intensive menus that merge tradition, skill and science. Even the dinner menu is not straightforward; it appears on a stylish bronze hexahedron, designed by Ò’Donnchü’s advertising exec wife Michelle Marais. Fine dining aesthetics rule, the chefs using hi-tech tools in a hyper-modern kitchen to transform flavours into spherifications and foams, with elements of table flashiness.
DECONSTRUCTED Ò’Donnchü serves an Italian caprese salad, a deconstructed version removed from the sliced tomatoes, mozzarella and basil leaves it originates from. It’s based on those three ingredients: basil leaf is extracted into oil alongside a frozen mozarella cheese that melts at the table, with tomato skins and juice playing their part on the plate. A glass
of Quoin Rock’s Namysto Sauvignon Blanc Semillon pairs nicely alongside. Partnering a glass of Quoin Rock MCC bubbles is a cauli cheese dish. It presents a clever combination of cauliflower caramelised, pureed and pickled. Parmesan elements in the dish add a mature cheese salty intensity for a delicious result. Some dishes are inspired by the chef’s travels. The Ike Mata makes visual impact, with black cod fish, fresh lime, coconut and lime jelly served in a coconut shell. Aromatic essences escape from the bowl when liquid nitrogen comes to the party. That sort of sensory surprise is a key element of the Gåte experience. Here dining drama meets a theatre of tastes on the kitchen’s playful and artful plates. All the while offering a brilliant vantage point on nature from a luxurious setting. quoinrock.co.za
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HOMEFRONT
Monarch on Kings in Bedfordview, Johannesburg
M Going off plan TREND
Modern urban and gated developments are luring buyers who benefit from convenience, customisation and cost savings by buying off plan WORDS: MIRIAM MANNAK :: PHOTOS: SUPPLIED
any property buyers prefer to purchase a new home over a second-hand property. A key drawcard is that this allows them to choose their finishes and sometimes even the entire layout and stand. Buying townhouses, homes, apartments and retirement units off plan is becoming increasingly popular. This type of property has several financial and practical advantages. “Sectional title purchases generally allow buyers to choose from a selection of finishes. When it comes to freehold purchases, many estates give you the opportunity to choose between a panel of architects and other professionals to build your home,” says Rainmaker Marketing director Stefan Botha, the marketing spokesperson of developers including Balwin.
CONTRACT
Blue Hills Equestrian Estate in Midrand
The older convention of a plot-and-plan sale means that a buyer purchases a plot, draws up plans and building quotes and applies for finance. Western Cape agency Harcourts Platinum says once finance is approved, the buyer takes transfer of the plot and enters into a building contract with a builder. As the building progresses the builder is paid out in stages or draws funds, either from the buyer or the bank, until the property
is completed. Harcourts says the benefit of such a purchase is that buyers can build the house to a budget, with their desired finishes.
BOND The negative is that the buyer has to carry the cost of servicing a bond while the property is under construction. In addition, manage the whole process: the builder, handle payments, resolve unexpected issues and carry the risk of delivery. With off-plan purchases, financial benefits include not having to pay transfer fees. Off-plan costs are also fixed, unlike when building your own house. “Building with your own contractors can cause escalating costs,” says Jessica Hofmeyr, sales, rentals, marketing and operations executive at Century Property Developments. “With an established developer, the off-plan process is less stressful than building your own home.” Dealing with reputable developer members of the National Home Builders Registration Council may also trim costs. “This ensures a guarantee of three months for general defects, one year for roof problems and five years for structural guarantees,” says Westbrook Property Developments MD Clifford Oosthuizen.
1. Apartments Off-plan apartments are popular, with more South
HOMEFRONT
The Aster in Oranjezicht, Cape Town Africans chasing a lockup-and-go lifestyle in luxury developments such as Tree Tops Houghton in Johannesburg. Featuring a luxury penthouse, lap pool, gym, garden and entertainment area, the complex comprises one-, two- and threebedroom apartments starting at R1.65m. Listed developer Attacq has partnered with development company Tricolt to launch the first high-rise luxury apartments in Waterfall City — Ellipse Waterfall. Kent Gush Properties is selling this off plan. Its luxury apartments start from R1.49m for a one-bedroom unit and several duplex penthouses, which feature private rooftop gardens and heated swimming pools. Each apartment comes with modern finishes, eco-friendly features, high ceilings and high windows with Johannesburg skyline views. Ellipse Waterfall amenities include concierge services, 24-hour security, a business centre, restaurants, a gym and a spa.
at the foot of Table Mountain, has 21 off-plan units. The development by Horizon Capital Residential is smaller than most. “It offers excellent security, a roof terrace and swimming pool,” says MD David Sedgwick. Apartments sell from R1.95m. The winelands is also worth exploring. Pam Golding Properties’ Bosmans Club in Stellenbosch comprises 46 apartments priced from R1.4m. Accommodation
“With an established developer, the off-plan process is less stressful than building your own home” Jessica Hofmeyr, marketing executive, Century Property Developments
in this university town is always in demand, which results in good investment opportunities. “In 2015 a 70m2 twobedroom unit in our Andringa Walk development sold for R2.85m. In 2016 such a unit fetched R3.75m,” says Louise Varga, Pam Golding Properties Stellenbosch area manager.
2. Townhouses There is a healthy appetite for plot-and-plan
townhouses in Gauteng. Zotos Property Group reports excellent sales for developments such as Westside and Solmeri in Bryanston and Monarch on Kings. The latter development in Bedfordview comprises 11 stands, where buyers can add a personal touch to their homes. A much sought-after townhouse development in the Western Cape is Acorn Creek Lifestyle Estate. Situated near Somerset
West, this tranquil ecofriendly estate by MSP Developments was designed to harmonise with its natural surroundings. “Many people are scaling down and want the ideal lock-up-and-go scenario, knowing that if they are away for business or a holiday, their property is safe,” says development sales manager Werner Scheffer.
3. Freehold Developed by Century Property Developments,
TENONQ in Sea Point, Cape Town
COMPACT LIVING Cape Town, too, offers ample off-plan options. “We have off-plan apartments available at TENONQ in Sea Point and FORTY ON L in Bo-Kaap. These offer compact apartment living and shared amenities such as entertainment decks, gyms and pools,” says BLOK MD Jacques van Embden. The Aster in Oranjezicht,
Ellipse Waterfall in Waterfall City, Midrand
The Hills Game Reserve Estate in Pretoria East
HOMEFRONT 5 TIPS ON BUYING OFF PLAN Plots on low-lying land may flood during storms and plots on steep slopes result in additional excavation, piling and retention costs. Ensure surrounding plots are also zoned for residential. You don’t want to live next to the clubhouse. Avoid corner plots that back up on to noisy main roadways. Ensure the development has architectural height restrictions to prevent your view from being blocked by future homes. Irregular shapes make it difficult to site a home correctly and achieve maximum use of garden space. Source: RealNet estate agency group MD Gerhard Kotzé. Bosmans Club in Stellenbosch
4. Estates
“Developers are aligning their offerings to attract buyers. There is no better time to buy” Claudius Combrinck, consulting MD, Imagine Property
Groot Parys in Paarl
Westbrook in Port Elizabeth
Blue Hills Equestrian Estate in Midrand takes the off-plan concept further by allowing buyers to design their freehold home from scratch. “Each house has its own look and feel,” Hofmeyr says. “The average home is more than 1,000m2 and costs more than R12m to build.” In Port Elizabeth, the Amdec Group is working on the last phase of The Ridge. Once completed in May this year, this residential estate in Amdec’s Westbrook development will comprise 150 freehold homes, a medical facility, retail spaces, a school, business park, parklands and cycling lanes. “Choosing to buy into an estate should be about more than just the bricks and mortar,” says Oosthuizen. Prices range from R1.197m for a threebedroom home to R1.539m for a four-bedroom unit.
Estates such as Paardevlei Lifestyle Estate in Somerset West by Balwin and Buh-Rein in Cape Town’s northern suburbs have gained traction, particularly among off-plan buyers. MSP Developments’ BuhRein caters for all market segments and offers various off-plan options enveloped by a sports field, family restaurant, cycling/jogging paths and open-air gym. Gauteng offers plenty of off-plan estate options, including The Polofields Waterfall. Developed by Balwin, the estate’s apartments feature practical finishes, are fibre-ready and provide a range of amenities including a lifestyle centre, yoga deck, spa, gym and outdoor cinema. La Como Lifestyle Estate and Serengeti Estates, both near Kempton Park, and The Hills Game Reserve Estate in Pretoria East are also worth investigating. Century Property Developments’ The Hills Game Reserve Estate comprises three- and fourbedroom homes featuring a double garage and garden. “Our building packages have worked well as our homes typically sell within three weeks of being on the market,” says Hofmeyr.
5. Retirement KwaZulu-Natal, with its beaches and beautiful coastline, is a top destination for retirees seeking an offplan home that provides lifestyle comfort, and peace of mind. Lazuli Lifestyle & Retirement Estate on the North Coast offers sites overlooking a green belt
with walking paths and terraced dams. Demand for retirement homes in this province is so substantial that Evergreen Lifestyle is building nearly 1,850 off-plan units there, including 750 in Zimbali. Brand marketing director Arthur Case explains that SA’s off-plan retirement demand is a mixed bag. One group is ready for off plan because they have time to plan, while the other needs to move into a retirement village fast due to illness or life-changing events.
OPTIONS The Western Cape features many outstanding retirement estates that offer off-plan units such as Groot Parys Lifestyle Estate in Paarl and De Plattekloof Lifestyle Estate near the Tygerberg Hills. Demand for units in the latter estate is growing, which results in solid gains in value, says Imagine Property consulting MD Claudius Combrinck. “We are in a buyers’ market, which is an optimal time to secure property,” says Combrinck. “Developers are aligning their offerings to attract buyers. There is no better time to buy.” Gauteng retirees who seek an urban retirement lifestyle have ample options. The Retreat Retirement Estate in Pretoria East by Craft Homes offers houses and apartments surrounded by gardens and amenities such as a clubhouse, healthcare and frail care centre. Prices range from R899,000 for a one-bedroom apartment to R2.25m for a three-bedroom house.
FOCUS ON: TREE TOPS HOUGHTON ADVERTORIAL
Luxury overlooking a lush canopy Inspired by the world’s largest urban forest, Tree Tops Houghton will offer a premium Johannesburg living experience WORDS AND PHOTOS SUPPLIED
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ohannesburg’s treefilled skyline is set to change forever with an exciting new addition. A masterpiece of design, architecture and lifestyle, Tree Tops Houghton will further enhance this suburb’s reputation as one of Gauteng’s most prestigious locations. Tree Tops will feature exquisite apartments that range from 55m2 one-bedroom residences to the flagship 236m2 three-bedroom penthouse. Each apartment will have imported tiles, Hansgrohe fittings and Siemens appliances. With prices ranging from R1.65m to R9m, developer Tricolt says every detail of the design has been fastidiously laboured over to ensure that each Tree Tops residence provides an unmatched premium urban living experience.
ELEVATION Sitting on an elevation that overlooks the lush canopy of Johannesburg, Tree Tops provides a haven from urban life, while being a mere 10-minute walk from Rosebank’s collection of trendy restaurants,
boutique stores and entertainment offerings. Bridging the excitement of Rosebank with the peaceful tranquillity of Houghton, Tree Tops ultimately offers a premium living experience in the heart of Johannesburg’s most vibrant district.
AMENITIES Combining striking spaces with first-class amenities, Tree Tops will deliver unrivalled living in one of Gauteng’s most exclusive addresses. In addition to top-quality amenities already available in the Rosebank precinct, Tree Tops residents will also have exclusive access to a range of premier comforts right on their doorstep. The clubhouse at Tree Tops will feature a host of elements. These include a gym, skydeck entertainment area, lap pool and fire-lapa area. Tree Tops is being developed by Tricolt, a South African-based property development company that operates both locally and internationally. Leading local architectural firm dhk Architects has brought the vision of Tree Tops to life. Take the first step.
GET IN TOUCH Sales centre and showroom: 88 Oxford Road, Houghton Tel: 079 304 2218 treetopshoughton.co.za
HOMEFRONT The PayProp Rental Index Q4 2018 showed the first rental quarterly uptick nationally in two years and also the highest year-on-year growth by quarter for 2018
Pam Golding Properties is offering this Parkhurst home to let at R27,500 a month
LETTING MARKET
Positive signs for residential rentals
THE NATIONAL CONTEXT Average rent
R7,610 Rental Growth
Young professionals and couples are sparking optimism in the letting market as the national rent average has ticked up to a higher bracket
4.14%
2017
R7,308
2017
5.39%
WORDS: STAFF REPORTER :: PHOTOS: SUPPLIED AND SHUTTERSTOCK
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hile residential rental growth figures may have slowed slightly at the end of 2018, the tide appears to be turning this year as young professionals and young couples help provide a more positive outlook for demand. The PayProp Rental Index Q4 2018 showed the first rental quarterly uptick nationally in two years and also the highest year-onyear growth by quarter for 2018. The index shows that the average national rent at R7,610 reached a higher rental bracket in Q4, moving from the R5,000-R7,500 category to the R7,500-R10,000 slot. “We are optimistic with regard to return on rentals as there appears to be a small uptick,” says Pam Golding Franchise Services national sales and operations manager Greta Daniels.
Gauteng In Gauteng, PayProp figures show that in Q4 the average rent breached R8,000 for
the first time — 4.84% more than in Q4 2017 and the third-highest growth rate in the country for the quarter. It was also the first increase in quarterly growth in two years, which may signal the beginning of a recovery. “We have experienced an uptick in rental demand as of the end of Q4 2018,” says Antoinette van Niekerk, Pam Golding Properties Pretoria regional manager. “A lot of young professionals and newlyweds are looking to rent.” She says rentals for townhouses, estates and apartments priced from R7,000 to R18,000 a month are in demand.
“In Gauteng, the average rent breached R8,000 for the first time — 4.84% more than in the previous year” PayProp Rental Index Q4 2018
DEMAND In the Johannesburg northern suburbs there is high demand for rentals priced between R6,500 and R16,000 in Fourways areas such as Lonehill, Sunninghill and Douglasdale. “Properties in the R6,500-R16,000 range are popular with young professionals and sometimes students,” says Cindy de Beer, Pam Golding rental manager for Hyde Park and Fourways offices.
“There is a lot of activity in the R10,000 to R16,000 bracket, rented by families and young couples.”
RANGE In suburbs such as Bryanston, Rivonia, Killarney, Morningside and Woodmead, 70% of rental deals are priced between R10,000 and R35,000, providing a range of properties, says De Beer. Pam Golding
Midrand branch manager Nadia Moosa says the rental market is buoyant in Midrand as young people entering the job market find the area affordable compared with other Johannesburg north suburbs.
Western Cape PayProp data suggests that the average rent in the Western Cape surpassed the R9,000 mark during 2018, making it the most expensive province to rent in with an average price differential of nearly R1,000 compared with the secondmost expensive province, KwaZulu-Natal. The region has had a good start to the year, says Greeff Christie’s International Real Estate rentals manager Mark Burt. “We have seen a very positive 5.87% increase in rental growth during the first two months of this year.” The Cape Town rental market was hit hard last year, coming off a high base with annual increases of about 10%, says Burt. “We are finding areas such as the City Bowl and surrounds,
with affordable sectional title offerings, making up for the lacklustre numbers in the traditional large family home suburbs, which are still under pressure. “We have seen a marked increase in combined living among younger professionals who haven’t married or started a family yet,” says Burt. “This could be indicative of the high rent-to-income ratio we have in the Western Cape.
VACANCY “The vacancy rate is still up on last year’s Q4 with rentals above R12,000 most affected and rentals between R7,000 and R12,000 least affected.” Dexter Leite, Pam Golding Properties rental manager for the Western Cape region, says the rental market generally performed well in January/ February 2019, buoyed by some new developments in Observatory and the City Bowl. “The seasonal student demand, particularly in the southern suburbs and City Bowl, contributed to the good performance.”
KwaZulu-Natal The north coast is shaping up as SA’s investment and lifestyle darling in 2019. Sales director/licensee at Seeff North Coast Tim Johnson says luxury market sales can be an indicator of sentiment. “The uptick in performance of higher-end properties in Simbithi are encouraging and potentially a sign of good things to come in 2019, especially for a number of our emerging lifestyle estates.”
FLEXIBILITY Pam Golding Durban coastal is seeing a trend towards clients opting to rent. Recently developed apartment blocks have increased good rental stock in the Durban North/ Umhlanga areas, leading to an uptick in activity. Johnson says that not only the high-end north coast market has seen movement. “We have also had fantastic results in places such as Sheffield Manor, Manor Estates and Shortens Country Estate, to name a few. Demand is high and well-priced stock doesn’t sit on the market for long.”
HOMEFRONT PROPERTY NEWS
Cape estate offers furnished home on show
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fully furnished show house is available for viewing at The Residences at the Sitari Country Estate outside Somerset West. Uvest Property Sales executive director Claudius Combrinck says plans featuring fresh designs open up a range of choices for potential buyers. Homes start at R2.95m. “We have just released a further set of plan designs for The Residences, all of
which are freestanding homes with three bedrooms, three bathrooms and a double garage.” The designs by architects BPAS incorporate Sitari’s reinvented Cape Dutch vernacular aesthetic. Combrinck says The Residences allows flexibility for purchasers to reflect their own taste. The homes can be personalised by choosing either a luxury or premium category of finishing
specification by Niche Bespoke Interiors. These include laminated flooring and large-format porcelain tiles, mosaic kitchen tiles and engineered stone countertops and soft-closing door hinges and runners in the kitchen. Wood veneer study worktops, five-burner freestanding stoves with integrated telescopic extractors, tiled showers, solar panels and landscaping are other options.
Luxury mixed-use building Hotel group expands launched in Cape Town in Waterfall City
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he Rubik, a glassclad “tiered” building reminiscent of the Rubik’s Cube, has been launched in the Cape Town CBD on the corner of Loop and Riebeek streets. The development consists of premium residential apartments above luxury offices and high-end retail space. Apartments, penthouses and offices in The Rubik feature floor-to-ceiling windows, 24-hour concierge security, up-todate technology and plenty of clean open spaces. The Rubik has views of Table Mountain, Lion’s Head and the Atlantic Ocean. Apartment prices start from R2.4m. The project is marketed by Dogon Group Properties, developed by Abland in partnership with Nedbank and Giflo, and designed by DHK Architects. Work is expected to begin in June 2019, with completion in July 2021. Abland MD Jurgens Prinsloo says the building
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SE-listed Attacq Limited has announced that the City Lodge Hotel Group will expand its footprint in Waterfall City, Midrand. City Lodge Hotel Group presently offers a 149room three-star City Lodge Hotel in Waterfall City. Construction of the new development is expected to start this month — completion is estimated for October 2020. The 10-storey hotel will be a “new concept” 169room four-star Courtyard
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concept for our Courtyard Hotel brand,” says City Lodge Hotel Group CEO Andrew Widegger. “The expansion decision by the City Lodge Hotel group is indicative of Waterfall’s ability to continuously grow its business value and commercial property offering,” says Attacq CEO Melt Hamman. “This new hotel will be developed on the site next to our first residential development, Ellipse Waterfall.”
Complex deal rescues Knysna’s Pezula Hotel
T will have a glass facade with double-glazed offices and an air-conditioning system that will not use water evaporation for
cooling. It will use energyefficient lighting and water heating systems in keeping with Green Star certification.
Building begins on R10bn Harbour Arch
round was broken in March on Harbour Arch, the largest mixed-use development of its kind in Cape Town. The R10bn Amdec Group development in the Culembourg precinct adjacent to the Foreshore will build on the popularity of its Melrose Arch mixed-use precinct in Johannesburg. Harbour Arch aims to attract more young
Hotel brand developed in a 50/50 joint venture between Attacq and the Barrow Group. Waterfall’s combination of visibility, accessibility and proximity to the Mall of Africa remains a crucial driver to ensuring continued growth in its retail, office, mixed-use and light industrial offering. “With the Waterfall node growing as fast as it is, the moment seemed right to expand our footprint through developing a new
professionals and families to Cape Town’s inner city. Amdec Property Development MD Nicholas Stopforth says the appeal of Harbour Arch is that it provides people with a safe, walkable precinct with all their daily needs within easy reach. At 5.8ha, the development will feature six tower blocks and 200,000m 2 of residential, retail and office space. The initial
development phase — No 1 Harbour Arch — will comprise 432 apartments, retail, leisure and commercial office space. It will feature a residents-only pool, exercise area and terrace, all on the 17th floor. The building will have a roof garden and viewing deck on the 24th floor and include waste recycling, water-saving facilities and rainwater harvesting.
he luxury Pezula Hotel in Knysna has been taken out of business rescue after complex negotiations led to a R240m acquisition deal with a South African consortium, facilitated by TPF Advisors, which is part of the Village n Life Group.
The Pezula Hotel comprises a commercial area of more than 5,800m2 and 78 sectional title suites. The consortium has appointed Village n Life as the new management company. Investment in upgrading the hotel has already begun.
TPF Advisors founding partner Hannes Swart says the transaction involved a large number of stakeholders. He says the new owner is committed to tourism growth in SA “and believes the Garden Route has significant growth potential”.
Blok’s latest development encompasses a new boutique approach to independent living by providing highly accessible and spacious apartments for a more mature clientele who are looking for a future-facing modern home to retire to in the Atlantic Seaboard. Join us for an introduction to this independent living development in Sea Point on 10, 11 or 12 April or visit our website for floor plans and pricing. RSVP for the event at rsvp@blok.co.za EIGHTONN, 8 Norfolk Road, Sea Point Now Selling
SALES@BLOK.CO.ZA
+27 87 820 0050
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Come and have a look at our luxury apartment 8555, available daily for viewings WARREN BECKER 082 302 3004 | warren@thehoughton.com ASHLEIGH SMITH 073 220 7357 | ashleigh@thehoughton.com Houghton on 12th, 53 Second Ave, Houghton | Show apartment 12733