Amdec Group, a privately owned Property Development company is constructing a multi-purpose property in South Africa worth US $0.09bn at gateway to Cape Town’s Waterfront region.
The new development which is known as the Yacht club would comprise a residential section, hotel, office space which will be adjacent to the V&A Waterfront. This will also be near the Cape Town International Convention Center.
Construction works on the multi-purpose property in South Africa are expected to be complete by mid 2017 making it the biggest development of its kind in the Roggebaai region. This will join the Harbour Bridge Hotel & Suites development and the Canal Quays apartments.
According to the Joint MD for Amdec Property Development, Nicholas Stopforth, the Yacht club offices will be ideal for businesses which have links to the financial or maritime sectors, travel and tourism industries, retail, conferencing, entertainment and arts sector.
The residential section of the development would have a range of apartments from one bed roomed, two bed roomed and luxury corner apartments all ranging between 54m2 to 95m2.
Stopforth also noted that the new development would include a hotel with associated serviced apartments as negotiations with a well known international hotel group were currently in an advanced stage.