Attacq Is Set To Develop Mixed-Use Property Within Its Waterfall City Development
Attacq Is Set To Develop Mixed-Use Property Within Its Waterfall City Development. Mall of Africa majority owner Attacq is set to add to the mixed-use property offering within its multi-billion-rand Waterfall City mega development node in Gauteng with the imminent launch of a R500 million residential project that will be home to around 400 micro apartments.
According to Money Web, ‘The Mix’ development, as it is dubbed, is a 14-storey residential block that will be built right next to the main entrance of Mall of Africa and connect directly to the parking lot of the super-regional shopping centre. “This 50/50 joint venture between Attacq and Cape Town-based private developer D2E Properties will be launched to market next week,” Attacq’s chief development officer Giles Pendleton, told Money Web in an exclusive interview.
“It’s going to be an exciting new addition to the Waterfall City mix, bringing New York-style micro living to this prime node. We are quite bullish about this new development,” says Pendleton. “The Mix is yet to be officially launched to market, but we are already receiving strong interest. It’s going to be a funky product that we believe will appeal to both investors and aspirant first-time home buyers.”
Attacq creates safe, sustainable spaces where people connect. Its forward-thinking approach towards the dynamic nature of corporate, commercial, and residential property future-proofs its asset portfolio. The company is unique in that its development of community-driven precincts results in a mixed-use real estate ecosystem – creating safe spaces.
“It is small, but it’s all about the efficient use of space and we believe there is a market for this kind of lock-up-and-go apartment offering. The units will come furnished and each has its own balcony, however, the overall development will have extensive amenities, such as a laundry, pool deck, bar, gym and yoga studio, restaurant, and flexible workspaces,” Pendleton points out.
“We believe we have found the right joint-venture partner in D2E Properties for this kind of development. They are specialists in the field and have another similar development centred on micro living in Cape Town. The Mix represents D2E’s first residential property project in Joburg,” Pendleton added.
