Name of the Project
Thaba-Eco Village.

Location
Johannesburg South, Gauteng, South Africa.

Project Owner/s
Balwin Properties.

Project Description
The project entails the residential development of Balwin’s Thaba-Eco Village.

The development will include 3 489 apartments built alongside substantial infrastructure and amenities, including a restaurant, indoor gym with squash courts,
Thaba trails, laundromat, outdoor swimming pool, kids play area, paddle courts, mini pitches, half basketball court, skate park, and Little Hill Montessori school.

Potential Job Creation
Balwin uses locally available skills, working with builders whom they have trained and developed.

The capacitation and upskilling of these smaller enterprises is aided by the work of the Balwin Foundation, which supports younger previously disadvantaged South Africans through technical education and training.

In addition, Balwin has an enterprise development programme where it has assisted ten microenterprises by providing them with interest free loans repayable over a five-year period.

Balwin has also contracted some of the enterprise development beneficiaries to do work on their developments and ensure that they have a sustainable business.

Capital Expenditure
In November 2021, FNB and Balwin Properties announced the conclusion of funding for a deal that will make R450-million available for the construction of the Thaba-Eco Village.

This funding will be used for the first 480 apartments and infrastructure of the entire development.

Planned Start/End Date
Construction on the Thaba-Eco Village is under way.

Latest Developments
None stated.

Key Contracts, Suppliers and Consultants
None stated.

Contact Details for Project Information
Balwin Properties, tel +27 11 450 2818.