South Africa to develop US $161m mixed-use precinct

South Africa to develop US $161m mixed-use precinct

South Africa has revealed plans to develop US $161 m mixed-use precinct in the country’s capital city Johannesburg following a partnership between The Wanderers Golf Club and Investec Property to construct the 1ha project.

The Wanderers Golf Club Chairperson, Mr Brian Biebuyck said the project will be located in the city’s suburbs of Illovo, between Sandton and Rosebank. It will include; high-end commercial office space, luxury residential apartments, bespoke retail outlets and artisanal eateries.

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Appeal to both young and existing generation

“The integration of the new contemporary clubhouse, and redesigned course, into this cutting-edge development will appeal to both the younger generation of golfers who are living and working in the increasingly densifying northern suburbs of Johannesburg as well as to our existing members. We could not have asked for a better partner than Investec Property,” he said.

The Chairperson added that the property will be interwoven into family-friendly oriented spaces with easy access to main arterial roads and motorways in a bid to optimize energy distribution and usage and have access to smart connectivity.

On his part, Investec Property Director, Mr. Robin Magid said they were thrilled in launching the new project. “We have worked alongside some of the best and most creative brains in the business to develop our vision of creating a sustainable, technologically advanced development depicting a deep connection between the natural and the built environment,” he added.

The new development will also incorporate the existing Wanderers Golf Club clubhouse and parking area and will extend along Rudd Road and out towards the Wanderers rugby fields on Corlett Drive.

 

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