Name and Location
Waterfall Business Estate, Gauteng, South Africa.
Client
Atterbury Property Group.
Project Description
The Waterfall Business Estate is a 1.6-million-square-metre mixed-use commercial development. It spans land on both sides of the N1 highway – from the Woodmead interchange through the Buccleuch interchange to the Allandale interchange and joins Modderfontein in the east and reaches beyond Kyalami in the west.
The development master plan includes 200 000 m2 of offices. Light and high-tech industrial property will be located in the Logistics Precinct, the Distribution Campus, the Commercial District, Landmark Park and Factory Depot, opposite the Gautrain maintenance yard. Retail will feature in the Lifestyle Estate, serving Waterfall’s residential estates near Kyalami.
The heart of Waterfall will be the 800 000 m2 mixed-use Waterfall City. It will feature a mix of retail in a 115 000 m2 shopping precinct, with offices and homes.
Value
The project will have a total value of well over R25-billion.
Duration
The development of the project will be market-driven and rolled out over the next 14 years.
Latest Developments
Financial services firm Standard Bank has finalised a R408-million financing arrangement for commercial property developer Atterbury Property Group to construct a head office block for engineering and construction firm Group Five, in the Waterfall Business Estate.
Standard Bank has also provided R54-million for the construction of new head offices for technology group Altech, R116-million for bulk services for Altech’s industrial campus and R243-million for bulk services for the Waterfall central business district, which will house the development of a super-regional mall to be called Mall of Africa.
Key Contracts and Suppliers
Standard Bank (finance).
On Budget and on Time?
Not stated.
Contact Details for Project Information
Atterbury Property Group, Coenie Bezuidenhout, tel +27 11 706 1176 or
email coenie@atterbury.co.za.