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Waterfall in Midrand named world’s best mixed-use development

10 Dec 2019

The Waterfall development in Midrand, Gauteng, bagged top honours for Best International Mixed-use Development 2019-2020, at the annual ‘World’s Best’ International Property Awards ceremony held at the Savoy Hotel in London on 2 December 2019.

This 1 105 sqm vacant stand in a prime location in Waterfall, Midrand, close to the Mall of Africa and commercial precinct is selling for R1.995 million - click here to view.

This is the third year running that Waterfall Management Company have taken home this award,  beating five of the best mixed-use developments in Asia Pacific, Dubai, Europe, the United Kingdom and America. In addition, Waterfall was also named Best Mixed-use Development in Africa for the sixth year running.

The International Property Awards, now in their 27th year, celebrate the best projects and professionals in the industry worldwide, covering the regions of Asia Pacific, Africa and Arabia, Europe, USA and the Americas, as well as the UK. Over the past year, a panel of over 80 expert judges studied and assessed thousands of entries from 115 countries, focusing on design, quality, service, innovation, originality, and commitment.

Willie Vos, CEO of Waterfall Management Company, says successfully rolling out a development of this scale takes careful planning and consideration, which includes the coordination of a number of companies, authorities and people. “I speak for everyone involved in the Waterfall development when noting how proud we are to have received these top international honours yet again - it is proof that what we are doing here is really outstanding.”

This five bedroom home in Waterfall offers luxury living and 740sqm of floor space. It is on the market for R12.8 million - click here to view.

Waterfall Management Company is the Property and Asset Management Company of the Waterfall land and has been working with developers and investors since 2004, to create the largest mixed-use development in Africa. Each year sees the development expand, offering more top-notch facilities to residents, commercial tenants, visitors and communities in the surrounding area, making Waterfall a truly remarkable city within Gauteng.

It is a modern development that takes into consideration unique design aesthetics to ensure Waterfall lives up to the development’s goal of offering integrated live-work-play environments that provide unsurpassed quality of life in a vibrant urban setting.

Find houses and apartments for sale in Waterfall

The Waterfall development is presently only 34% complete, with over 1.6 million square metres of Gross Leasable Area (GLA) still to be developed. While 15 000 residents already call it home and 24 000 people work there every day, it is estimated that by completion in 2027, the development will combine 28 000 residential units housing an estimated 80 000 people, with approximately 2.5 million square metres of GLA for commercial and office space, which will accommodate a further 80 000 people.

The current estimated developed value of Waterfall is approximately R100 billion, where upon completion, the development will have created close to 85 000 job opportunities. Waterfall in its entirety is also already responsible for contributing towards the City of Johannesburg - in terms of rates and taxes - to the value of close to R300 million per year. Based on projected planning, this figure is expected to reach over R1 billion per annum by the time the development is completed.

This three bedroom, four bathroom cluster home in Waterfall Country Estate, Midrand, is selling at R5.48 million - click here to view.

Property in Waterfall

Attacq is one of the major role players with commercial developments by Attacq and its partners including The Mall of Africa, the PwC building, Amrod, BMW and Massbuild distribution centres, as well as the soon to be completed Deloitte building, to name a few.

Meanwhile, phase one of Ellipse Waterfall, Attacq’s first residential high-rise development in Waterfall City, is set for completion in 2021. Also on the residential front, Century Property Developments, along with their investment partner Sanlam, and Calgro M3 Holdings have so far constructed a combined total of over 4 500 units, ranging in price from R750 000 to R150 million.

Meanwhile, Balwin Properties are in the process of developing approximately 23 000 residential units, to be completed by 2027. Other role players include Netcare, Curro and Reddam schools, BP and Sasol.

See new apartment developments in Waterfall

Waterfall has a range of properties in security complexes and estates. With close to 400 residential property listings on Property24, prices range from R750 000 for a 54sqm two-bedroom home in in Waterfall View, to R859 000 for a one-bedroom apartment in Kikuyu, R1.195 million for a 109sqm apartment in Waterfall Hills Mature Lifestyle Estate up to R69 million for a six-bedroom, six bathroom luxury residence in Waterfall Equestrian Estate.

Freestanding properties in Waterfall Country Estate range from R5.48 million for a new three bedroom, four bathroom cluster home to R19.499 million for a four bedroom, four-and-a-half bathroom house on a large stand of 2 274sqm.

 

This one bedroom apartment in Kikuyu Estate, Waterfall, overlooks the Lifestyle Centre which offers a gym, spa, restaurant, pool and more. It is selling for R859 000 - click here to view.

Property24 data for Waterfall Country Estate show a median listing price rise from R2.699 million in 2014 to R9.65 million in 2019, while in Waterfall Country Village the median property price grew from R2.999 million in 2014 to R6.025 million in 2019.

With the area ever-expanding and conveniently located halfway between Johannesburg and Pretoria, Waterfall remains a ‘hot’ growth node that will continue to attract buyers and investors for years to come.

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