WATERFALL CITY CROWNED “WORLD’S BEST” FOR FIFTH TIME

independent expert judges studied and assessed more than 2 000 entries from 126 countries to select the World’s Best winners.

Willie Vos, CEO of the Waterfall Management Company, says: “Building a world-class smart city of this nature was no small feat. It took a concerted and cohesive effort, with all role-players and stakeholders moving in unison in the same direction to realise the vision and honour the values that are fundamental to every aspect of Waterfall City. Reclaiming the title of Best International Mixed-Use Development is a just reward for our continued efforts and something of which we’re extremely proud. We’re honoured to receive this international recognition, which once again puts Waterfall City and South African property development on the world stage.”

Not even half complete yet, Waterfall City still has over 1,6 million square metres of gross leasable area (GLA) to be developed, ensuring future sustainable growth of this state-of-the-art smart city. By completion, it is estimated that it will combine 28 000 residential units housing approximately 80 000 people, with about 2,5 million square metres of GLA for commercial and office space, accommodating a further 95 000 people. The current estimated developed value of Waterfall City is approximately R100 billion. While 24 000 people are presently employed on the development, it will have created close to 85 000 job opportunities upon completion. Waterfall City, in its entirety, is also already responsible for contributing over R700 million in rates and taxes per year towards the City of Johannesburg. This figure is expected to reach over R1,5 billion per annum by the time the development is completed.

Co-located with:

27 - 29 JUNE 2023

GALLAGHER CONVENTION CENTRE, JOHANNESBURG, SOUTH AfRICA