Munyaka Estate, South Africa
Name of the Project
Munyaka Estate.
Location
The project will be located in Waterfall, Midrand, Gauteng, South Africa.
Project Owner/s
Balwin Properties.
Project Description
The development will comprise 5 020 one-, two- and three-bedroom apartments around the largest freshwater lagoon – the size of seven rugby fields – in the southern hemisphere.
The development will include a lifestyle centre with free gym facilities, squash courts, on-site concierge, restaurants, meeting rooms, a heated swimming pool, laundromats, cinema, wellness spa and children’s play area.
In addition, two penthouses, as well as four other superluxurious lagoon-facing units, will be built.
Potential Job Creation
Not stated.
Capital Expenditure
R9-billion.
Planned Start/End Date
The project will be rolled out over the next eight years.
Latest Developments
Construction of the lagoon, boundary wall, gatehouse, lifestyle centre and show apartment block has started, with the balance of apartments being rolled out over the next eight years.
Balwin is also investing significantly in road infrastructure around Munyaka, having completed Mia drive at more than R100-million.
Key Contracts and Suppliers
None stated.
Contact Details for Project Information
Balwin Properties, tel +27 11 450 2818.
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