US $240m mixed-use Rosslyn Hub development officially launched

US$ 240m mixed-use Rosslyn Hub development officially launched

The US $240m mixed-use Rosslyn Hub development in South Africa was officially launched during the African Smart Cities Summit, co-located with the African Construction and Totally Concrete Expo, at the Gallagher Convention Centre, in Johannesburg.

The mega hub development which is constructed on a 7157 ha piece of land will consist of 1 200 houses and 250 rental apartments; a hospital and clinic; a hotel and conference centre; and pre-primary and high schools, as well as a university with student housing.

Also Read: BMW Group South Africa to open a new regional distribution centre

Additionally, it will include two shopping centres and a filling station, town centre, waterfront development and a race track.

Four automotive manufacturers

Currently, Rosslyn Hub is already home to four automotive manufacturers including BMW, Nissan, Iveco and Tata – along with an assortment of automotive suppliers; this is according to Big Cedar Properties MD and Rosslyn Hub director Brendan Falkson. The creation of the Tshwane Auto City (TAC) was a partnership between the government and the automotive industry with intentions of transforming the area into the leading automotive investment destination in Africa.

Apart from the automotive plants, the development will comprise a development logistics park and vehicle distribution centre, a truck staging area and truck stop, motor showrooms, a motor retail area and an outdoor automotive pavilion.

Rosslyn provides a gateway from Gauteng, Africa’s economic capital into Sub-Saharan Africa, with direct links to Botswana, Zimbabwe & Mozambique.

As part of the greater development, Rosslyn Gardens will be aimed at the affordable housing market and due to the very strong bond approval rate, 250 houses have already been sold and bonded in 10 months.

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