Name of the Project
Golden Grove Estate.
Location
The project will be located on an 11 ha site in an established residential area in Ottery, Cape Town, in South Africa’s Western Cape province.
Project Owner/s
Amdec Group.
Project Description
The project aims to build 1 000 affordable residential apartments, comprising one-bed units at 24 m2, two-bed units at 36 m2 and three-bed units at 54 m2 on a rental basis. The apartments are targeted at households with an employment history and a joint household income of not more than R22 000 a month. The rental cost will not exceed 30% of the tenant’s household income.
The development includes a convenience retail centre, communal gardens, children’s playgrounds, a creche and daycare facilities, five-a-side soccer pitches and basketball courts and a communal recreational clubhouse for all the residents.
The estate will also include an on-site furniture workshop so that residents can build and/or assemble their own flat-pack furniture on site.
Potential Job Creation
Not stated.
Capital Expenditure
R500-million.
Planned Start/End Date
The project broke ground in September 2020.
Latest Developments
None stated.
Key Contracts, Suppliers and Consultants
None stated.
Contact Details for Project Information
Amdec Group (Cape Town), tel +27 21 702 3200 or email info@amdec.co.za.