Business Day HomeFront 28 August 2020

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HOMEFRONT OCTOBER 2016 WWW.BDLIVE.CO.ZA WWW.BUSINESSLIVE.CO.ZA 2813AUGUST 2020

MUST-READ

Kitchen updates add value PAGE 2

Kids and pets welcome here PAGE 6

Ditch Eskom and go solar PAGE 9

Steyn City’s expansive parklands offer residents a safe outdoor lifestyle – a rare commodity close to the urban Fourways node of Johannesburg

Stick with sectional title New project celebrates heritage

Capitalising on a recent market upturn, sectional title is still the best buy in 2020

PAGE 10

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HOMEFRONT INTERIORS

Home assets Kitchens are not only the heart of the home, they can also add value to your property

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mart kitchen design is as much about technology and functionality as it is about individual style and creative choice of aesthetics. But renovating your kitchen for investment purposes adds another layer to the mix, so it is wise to consider the market value of homes in your area before taking the plunge.

“In my experience, a beautiful and practical kitchen normally adds more value to a home proportionate to what it costs,” says Dogon Property Group CEO Denise Dogon.

“A top-end kitchen may cost R500,000, for example, but on resale would add more than R1m in value to the property. A kitchen plays a huge part in the decision-making when buying a home.”

We look at 2020’s trends and how adding single elements to a kitchen can elevate it to the next level in terms of style and value.

WORDS: DEBBIE LOOTS AND SARAH MARJORIBANKS :: PHOTOS: SUPPLIED

Fine art Biscuit and honeybrown colours, wooden floors and vintage patterns are synonymous with a homely and welcoming kitchen. The look doesn’t have to be old-fashioned, though: a contemporary feel can easily be achieved by selecting the right combination of floor and wall tiles. These Intarsi porcelain tiles are inspired by the ancient marquetry-style artistry technique intarsia, which is the carving and fitting together of small pieces of wood in different colours.

The Intarsi range by Ceramica Sant’Agostino comes in three options with two variations each – Classic Mix (right) and Classic 04, Elite 01 and Elite 04, and Glam 02 and Glam 05 – and is available from Italtile.

In the mix A small but important detail – both in terms of functionality and aesthetics – is your choice of sink and mixer. Franke’s striking Fragranite sink in matt black (right) lifts the appearance of a kitchen and suits any design style. It is also available in black, silver or white.

The Move kitchen mixer has a simplified and classy look yet is practical to use. Both items are available from Italtile.

Space age The kitchen is the central focus in most homes. Making this zone open plan is a sensible move.

This is according to Jenny Mills of Jenny Mills Architecture and Interiors. Concealed appliances and neat storage allow the area to integrate with living spaces.

“Furniture pieces with intelligent design that makes food preparation quick and easy are the way to go,” says Mills.

The Bulthaup Monobloc (right), an early innovation in kitchen furniture, is a refined modular solution developed along with complementary elements that can be assembled to suit various spaces and client preferences.

Store more According to Deborah Garth, director of Deborah Garth Interior Design, storage is an essential element in kitchen design and will increase the value of a home.

“There is always a heap of various appliances, crockery, utensils, pots and pans and store-bought foods – and never enough place to store it all,” she says. “We need countertop space that is free from clutter to prepare food.”

As a solution, she suggests a large walk-in pantry and an island with pot drawers. Her favourite storage feature is drawers with inner dividers.

“The one part of the kitchen that definitely should have additional storage is the main workspace,” she says. “Everything should be easily accessible when you are creating a meal.”

Light touch Ehrardt Nieuwoudt, MD of Kim h Interior Design in Johannesburg, says the right lighting makes all the difference in a kitchen.

“The main areas where lighting plays an important role are work surfaces, feature areas and displays,” he says. “A beautiful pendant or cluster light can do wonders to emphasise a specific area. Something over an island or breakfast nook will create visual impact.”

For a window behind a counter, interesting low-hanging pendants could work well, he says. Display cabinetry is another prime space for feature lighting – try some LED strip lights under floating shelves or even cove lighting around a bulkhead feature.

Nieuwoudt believes the most successful lighting style in a kitchen is a combination of all of them. “In the same way you layer texture, you can layer lighting. Use recessed spotlights for general lighting, pendant lights to create focal impact, wall lights to balance spaces and strip lights for subtle highlighting. It all depends on the style or mood you have in mind.”

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HOMEFRONT

Tricolt’s Brookfield at Royal in Sandringham, Johannesburg

PROPERTY TREND

Stick with sectional title Capitalising on a recent market upturn, sectional title is still the best buy in 2020

WORDS: KIM MAXWELL :: PHOTOS: SUPPLIED

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ew would have predicted that home prices would take an upturn during SA’s sluggish 2020 economy. But there is finally some good news for property – and we’ll take it. In the August FNB Property Barometer, analyst Siphamandla Mkhwanazi notes a bounce-back in property sales, reflecting an unexpected rapid recovery in market activity since lockdown restrictions eased.

Although sustained market stability is not

assured, the report says annual house price growth rebounded to 1.4% year on year in July. April and May’s lower house price indices were based on significantly lower volumes of mortgage transactions, and volumes have since normalised.

REBOUND “Initial expectations were that the pandemic would have a more lingering impact on activity,” says Mkhwanazi. “Yet the volume of new mortgage applications has rebounded beyond prelockdown levels and across the price spectrum.”

Tricolt CEO Tim Kloeck agrees, saying people are re-evaluating where they live and spending more time at home. “So they’re either looking at how to upgrade now that they have a home office or seeing property as a strong investment for rentals.

We have both investors and residents buying in our developments during 2020.”

There has been increased interest in Tricolt’s sectional title apartment development Brookfield at Royal in Sandringham, Johannesburg, resulting in presales of 188 units over recent months. Prices

range from R990,000 for a one-bedroom to R4m for a premium three-bedroom.

“Brookfield is offering something for many different types of buyers,” Kloeck says. “It’s an exciting node for people. It’s about the lifestyle that Royal offers as an apartment development on a golf course. It’s not only about golf at Brookfield – it has 15km running tracks and 40km cycling tracks, plus gyms and a family centre.”

GOOD BUY Sectional title properties are a particularly good

The West End is marketed by Pam Golding Properties Midrand

The Madison, a Cosmopolitan Developments project in Centurion

buy in 2020: they’re often cheaper than full-title homes and the right location still secures a promising investment. For many buyers, sectional title living offers heightened security, remote working access, affordability and a more communal way of life without the maintenance hassles.

It is the type of home that frequently appeals to security-conscious South Africans because secure complexes or estates tend to invest in solid security infrastructure.

This factor is particularly relevant for women buyers, who now make up more than half of all buyer and seller enquiries.

Leadhome CEO Marcél du Toit says a steady rise in women’s buying power is reshaping the local property market. Leadhome data shows that 58% of its recent buyer enquiries and 55% of its seller enquiries are from women. Women account for 45% of all Leadhome property registrations, whereas only 7% of these are now joint registrations.

“Safety and security remain among the primary reasons why people buy sectional title properties.

State-of-the-art security gives them peace of mind and a more relaxed lifestyle,” says Central Developments Property Group spokesperson Alda Erasmus.

“The lower interest rates have played a significant role in the unexpectedly high sales volumes we’ve seen over the past four months. People who couldn’t afford to buy a property before can now do

so and are making use of this opportunity.”

Central Developments is constructing its third sectional title development in the greater Amberfield City area of Centurion.

Units at The Madison are priced between R885,000 and R2.135m, making them popular among first-time buyers, young professionals and new families alike.

Amberfield College private school lies at the heart of the greater development, so walking to school and to Forest Hill

HOMEFRONT

Bonsai Estate by MSP Developments in Langeberg Ridge, Durbanville Mall is an option. Strong rental demand is another draw card for investors.

Pam Golding Properties senior market and research analyst Sandra Gordon says Lightstone Property research shows sectional title properties dominate Gauteng housing stock.

In 2019, properties priced between R800,000 and R1.5m accounted for 36.1% of sales. She says sectional title properties priced below R1m in various suburbs in Midrand are in “huge demand” among buy-tolet investors, first-time buyers, young professionals and young families seeking value for their money.

LENDING RATE DROP Ooba CEO Rhys Dyer says from a home loan perspective, it’s an opportune time to acquire property. Since January 2020, the prime lending rate has dropped by 27.5% from 10% to 7.25%.

Thanks to accessible pricing and a development site that has 28 existing trees, prelaunch interest and contracts with a combined sales value in excess of R25m have been signed for Multi Spectrum Property (MSP) Developments’ new signature development Bonsai Estate in popular Langeberg Ridge in Durbanville, Cape Town.

Contemporary semirural family living is what attracts buyers to Bonsai Estate. Several landscaped parks and recreational spaces are part of the mix – a children’s play area designed in collaboration with manufacturer Wooden Elements is being planned.

Adding to the appeal in a challenged economy, MSP Developments released a limited offer of rental assistance for 30 of the 120 luxury apartments. Priced at R1,399,900, these twobedroom, one-bathroom

The Madison, a Cosmopolitan Developments project in Centurion

units include balconies, outdoor braais and two parking bays each.

“Purchasers of 30 selected apartments at Bonsai Estate will receive a massive R100,000 early-bird buyer saving if they seal the deal

by October 31 2020,” says MSP Developments CEO Riaan Roos.

SECOND-TIER CITIES FNB data shows a subtrend of homeowners reassessing their housing needs and preferences as a result of life in lockdown, with some relocating to less crowded second-tier cities. More and more of these cities now offer urban convenience and quality of life at a lower price tag.

Port Elizabeth is a second-tier hub with a safe, convenient lifestyle in an affordable coastal location. The Westbrook, a 128ha residential estate development, is one of the latest options here.

Steenberg Green, a Dogon Properties development planned for Tokai, Cape Town

“Safety and security remain among the primary reasons why people buy sectional title properties” Alda Erasmus, spokesperson, Central Developments Property Group

Steenberg Green will comprise only 10 luxury homes over 2ha

Westbrook Property Developments MD Clifford Oosthuizen says the 2020 shift to remote working has given South Africans another reason to consider an inter-city move. “People can enjoy a better quality of life without sacrificing job opportunities. If you can live anywhere, it makes more sense to live somewhere less expensive,” he says.

This September, the Amdec Group is launching The Westbrook’s newest residential village, River Dale, where spacious threeand four-bedroom simplex and duplex sectional title homes will go on offer.

The three-bed simplexes at River Dale have two bathrooms, a double garage and a built-in braai each and start from R1.3m.

Four-bedroom duplexes in the village will have two bathrooms, a study, a double garage and a braai, starting from R1.5m. The professionally managed coastal estate is popular with families and those keen to downsize.

Security estates have long been a feature of Gauteng life, but historically they have not been as easy to find in the Western Cape.

Dogon Properties head of developments Paul Upton says homeowners in Cape Town are increasingly asking for security estate living.

Should budgets be forthcoming, Dogon will be launching an uber-luxury

“In second-tier

cities people can enjoy a better quality of life without sacrificing job opportunities”

Clifford Oosthuizen, MD, Westbrook Property Developments

sectional title option in Steenberg Green, Tokai.

With prices starting from R16.5m, this exclusive 2ha boutique estate will feature only 10 architect-designed homes once completed.

Each home will have a large private garden, sweeping mountain views and access to landscaped communal gardens.

The estate’s exceptional location beneath the Steenberg mountains and next to Tokai Forest will set it apart.

HOMEFRONT PROPERTY INVESTMENT

Safe as houses: bring children and pets Secure lifestyle and retirement estates that are pet friendly or have schools on their premises are attracting homebuyers of all ages WORDS: HELÉNE MEISSENHEIMER :: PHOTOS: SUPPLIED

PET-FRIENDLY LIFESTYLE ESTATES

• All developments by Legaro, Devmark, Rabie, Central Developments Property Group, Houss Rentals and Century Property Developments • The Emerald and 38 Morsim, Hyde Park, Sandton • Roundabout Brooklyn, Pretoria • The Westbrook, Port Elizabeth • Buh-Rein Estate, Plattekloof, Cape Town • De Goede Hoop Estate, Noordhoek, Cape Town • Welgevonden Estate, Stellenbosch • Val de Vie Estate, Paarl • Compton Estate, Klein D’Aria, Durbanville • Hathersage Private Estate, Somerset West • Sitari Country Estate, Somerset West • Kindlewood Estate, Umhlanga PET-FRIENDLY RETIREMENT ESTATES

• All retirement developments by Evergreen Lifestyle, Devmark and Rabie • Fonteine Village, Klipfontein Farm Lifestyle Estate, Malmesbury • Helderberg Manor, Somerset West • Lazuli Lifestyle & Retirement Estate, Port Zimbali • The Plettenberg Manor, Plettenberg Bay • Shoreline Sibaya, Umdloti Beach

Reddford House Blue Hills, Blue HiIls Country and Equestrian Estate in Beaulieu, Midrand

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amilies with young, schoolgoing children and people considering retirement are all after the freedom and peaceful quality of life offered by secure lifestyle estates and developments.

This is what makes these developments such a sought-after home investment choice in SA. Add the convenient benefit of being able to walk your children to school or taking your pet for a stroll in a beautiful park-like setting and you may just want to move in for life. And that

is exactly what many families are doing.

HOME COMFORTS “Since the lockdown, security, comfort and outdoor space top the list of what prospective buyers want,” says Alda Erasmus, head of communication at Central Developments Property Group.

More retirees are also interested in either multigenerational or lifestyle estates with care amenities that allow them to be close to their families while continuing to enjoy their own living space.

In addition, pets are part of

many family setups. For this reason many developments are making provision to accommodate animals, but not without rules in place.

For instance, some estates only allow small pets.

“Lifestyle estates are one of the fastest growing property trends in SA, which ranks among the countries with the highest number of estates globally,” says Seeff Property Group chairman Samuel Seeff. Developers are consequently expanding their portfolio of homes to cater for a broad range of income groups.

Rabie Property Group director Miguel Rodrigues

says this developer offers an array of lifestyle options within its Burgundy Estate near Cape Town. There are apartments for single young homeowners or tenants as well as larger townhouses and houses that are more suited to families.

“The proximity of schools and preschools is definitely a strong consideration for buyers. And in the retirement market especially, being allowed to keep a pet is an important aspect of making a happy home,” says Rodrigues.

Schools on the premises also encourage tenants with children of schoolgoing age to sign longer leases, says

LIFESTYLE ESTATES WITH SCHOOLS

• Waterfall Country Estate, Midrand • Blue Hills Country

and Equestrian Estate, Midrand • Cornwall Hill Country Estate, Irene • Amberfield City, Centurion • Leopard’s Rest, Alberton • Palm Lakes Estate, Ballito • The Westbrook, Port Elizabeth • Sitari Country Estate, Somerset West Burgundy Estate near Blouberg Beach in Cape Town

Helderberg Manor in Somerset West

Jessica Hofmeyr, head of Houss Rentals and Century Property Developments.

Buying a home is the biggest investment decision most people will ever make.

It follows that a home with the added value of a safe environment, access to good schools and other superior amenities would be extremely attractive to buyers from all age groups.

“You do not only get a high-quality property from a reliable developer with a well-established track record, you also get all the other communal amenities and services, like security, for the same price,” says Erasmus.

ACCESS TO QUALITY EDUCATION

Steyn City School’s shuttle bus

All the major metro areas in SA have a growing selection of lifestyle estates that have access to top quality private schools on the premises or within easy distance. This includes developments in smaller enclaves such as Somerset West, Paarl, Stellenbosch and KwaZuluNatal’s North Coast.

Setting the trend is Steyn City in Midrand. It offers an early-learning centre, a preparatory school and a college catering for pupils up

to Grade 11 (matric will also be offered in 2021). Children are able to walk or cycle to school or catch a ride on a safe shuttle bus.

Securing primary and high-school placements at reputable educational institutions can be a timeconsuming and stressful mission. Having a school on the premises of a lifestyle estate greatly simplifies the process.

Parents also have peace of mind knowing their children are receiving a quality education, as estate developers take great care to include only educational institutions of a high standard on their premises.

On South African estates the preference leans towards private schools with solid academic records like Curro, Reddam House and other independent schools.

“More family time and fewer anxious hours spent in traffic make for a happier family overall,” says Rodrigues.

In step with the trend towards multigenerational estates, more retirement villages are now being built adjacent to lifestyle estates with schools.

This makes it easier for retirees to be involved in

the school activities of their grandchildren.

Clara Anna Fontein Lifestyle Estate in Cape Town’s Northern Suburbs, for example, offers three types of homes – a lockup-and-go townhouse development, large plot-andplan erven and a retirement development, Oasis Life.

Not far away, a retirement development is also under construction next to the burgeoning multigenerational development Burgundy Estate near Blouberg Beach.

This development has three schools covering the whole spectrum from preschool to high school.

From 2021 pupils in need of assisted learning will also be accommodated from Grade R to Grade 3.

PETS WELCOME Many South Africans, whether single, in a relationship or part of a family, have a special bond with a pet and would prefer a home that allows them to keep their furry or feathered companion. Catering for this demand, especially for older residents, most lifestyle and retirement estate developers now allow residents to keep a cat or a dog subject to rules

usually determined by the homeowners’ association.

“We find the pet-friendly topic is a big positive for us in the age bracket for retirement villages,” says Devmark Property Group national sales manager Bruwer de Jager.

As can be expected, these rules mostly concern the size of the pet and the number of pets depending on the size of both the home and the residential development. For instance, some retirement estates allow only small pets that are not noisy and do not require space or exercise.

This tends to apply where apartments don’t have gardens, explains Erasmus. “In our other security estates where the houses have large gardens, we allow two mediumsized dogs per household, whereas only small dogs are allowed in ground-floor apartments that have small gardens,” she says.

According to Seeff, this trend will not be shortlived. “There is no doubt we’ll see continued demand for estates that offer these amenities and buyers are prepared to pay a premium for them,” he says.

HOMEFRONT HOT TOPIC

Going solar It is expected that South Africans will be paying 10% more for electricity from next year. Add Eskom’s sporadic load shedding and it’s little wonder solar options are becoming so popular. HomeFront investigates WORDS: DEBBIE LOOTS :: PHOTOS: SHUTTERSTOCK

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skom recently won a court battle to increase electricity tariffs by 10% from April 2021 in an effort to recoup a R69bn loss. In addition, load shedding remains on the cards, with continued system breakages leaving little hope of a fast and reliable power supply recovery any time soon.

Green programme Offering South African homeowners reprieve is Nedbank Home Loans, which has teamed up with the South African Solar Photovoltaic Industry Association (Sapvia) to provide quality solar panel solutions through Sapvia’s PV GreenCard accreditation.

Bruno Ching’andu, head of customer strategy at Nedbank Home Loans, says many South Africans are spending more time at home because of the lockdown.

This has resulted in an increase in electricity use and cost.

“We want to help consumers save money by leveraging their home loan to install solar panels,”

WIND TURBINES If you plan to go off the national power grid, two types of wind turbines are available for household use: vertical and horizontal axis turbines. A vertical axis turbine is the more practical of the two, as its operating system is close to the ground and easy to maintain.

Although a wind turbine may not meet all your electricity needs, it generates enough power to reduce consumption, and any excess generated on windy days can be stored or fed back into the

national power grid to credit your electricity bill. It’s not noisy, does not interrupt TV reception and does not bother birds or bats.

Consider these factors before you throw caution to the wind: • If you live in an urban area, confirm with your council whether you’re allowed to put up a turbine.

• Check your existing solar system’s size to ensure it matches your turbine’s voltage.

• Do you have free air space without turbulent air?

• Know the average wind

speed in your area.

In a low-speed zone you may need a five- blade turbine.

NEW ELEMENT TECHNOLOGY A unique and very costeffective option (it’s considerably less expensive than a geyser solar system) is the Xtend 2kW element, which saves up to 25% on hot-water costs.

It replaces standard resistive wire elements with a ceramic element that uses positive temperature coefficient technology to heat water more efficiently.

Northface Energy director Jason Pournara explains: “Simply put, the element starts off drawing power at the rated 2kW, but as the water heats up the draw decreases. This means it works less as the water heats up, unlike conventional elements, which work harder the hotter the water gets.

“If we all had Xtend elements, the pressure on the grid would be eased and consumption reduced across the board.”

An Xtend element costs R1,999, including VAT, and can be installed by any qualified plumber.

he says. “With the current heavy demand for electricity in SA, photovoltaic (PV) electricity generation, or solar panel electricity, is the go-to alternative to secure a dependable supply.”

The Sapvia PV GreenCard is a training programme for solar PV installers focusing on skills development and training, and the improvement of standards to comply with international standards. The accreditation offers protection and confidence to stakeholders such as solar PV installation companies, solar PV system owners, investors and banks.

“We are excited that Nedbank recognises the value of quality solar installations by partnering with the PV GreenCard,” says Sapvia COO Niveshen Govender. “We are confident it will help support the end customer to gain access to qualified solar PV installers.”

Home loan access According to Ching’andu, solar power is considered the most practical and available optional energy supply source because it is sustainable,

indefinitely renewable and environmentally friendly.

Most modules last 25 years and require very little maintenance.

“Nedbank clients can have solar panels installed by using their home loans,” he says. “The instalment increase could still be less than an average monthly electricity bill, especially in a low-interest environment.

By switching to solar, consumers are shielded from future electricity tariff increases.”

Govender says there are other aspects to keep in mind when considering having solar panels installed. He suggests the following to ensure safe and legal installations:

Installation guidelines First determine how you are connected to the electricity grid.

Grid-tied: connected via the national grid Off-grid: a standalone connection Decide on the type of rooftop PV system you want to install. For instance, a grid-tied system requires

• •

you to register and request approval from your distribution authority.

Most municipalities that allow this have the necessary documentation on their website. A gridtied system can only be connected once the municipal authority grants permission in writing.

Make sure your service provider has experience in PV installations and is a member of Sapvia, the Electrical Contractors Association SA (Ecasa) or the Engineering Council of SA (Ecsa). Ask the installer for their Sapvia PV GreenCard.

After the installation, the installer should issue you with a document detailing the specification of the PV system and an installation standards checklist. Ensure that the documentation is explained to you.

If you are not satisfied with the installation, you can request an inspection from an approved inspection authority registered with the Department of Labour, the Ecasa ombudsman or an independent consultant.

HOMEFRONT PROPERTY NEWS

Tricolt breaks ground in Houghton

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uxury property developer Tricolt broke ground on its latest residential development, Tree Tops Houghton, on August 18.

The development is located at the intersection of the wellknown Johannesburg suburbs Rosebank and Houghton, and is within walking distance of Rosebank’s busy CBD.

“It is an achievement to get a project of this scale and nature into the ground, especially during troubled times,” says Tricolt CEO and developer of Tree Tops Tim Kloeck.

“Fortunately the market has been a great support.

All of our developments offer investors and purchasers solid capital appreciation and return on investment.”

Tree Tops will comprise 131 luxury apartments and amenities such as a Fitzone gym, a lap pool, a braai area, manicured gardens, a clubhouse, a sky bar and state-of-the-art security.

The response has exceeded expectations: the sales team at Alan Becker Properties (AB Props), led by director Warren Becker, has brought in more than R200m in sales

to date. They attribute this success to an appealing value proposition, coupled with the location and record low interest rate.

“There has been significant interest in the larger units, especially from people looking to downscale,” says Andrew Morris, director at Time Works Projects and project manager of the development.

“A large number of buyers

have indicated that they are buying to live in rather than to let, signifying the value of the offering.”

Tree Tops Houghton is the latest apartment development from Tricolt, following The Houghton Apartments, Ellipse Waterfall and Brookfield at Royal, the first luxury residential development at the Royal Johannesburg & Kensington Golf Club.

GBCSA recognises Covid-19 innovation T o encourage sustainable building initiatives, processes or strategies outside the scope of its Green Star rating tool, the Green Building Council South Africa

(GBCSA) has added a new Covid-19 innovation credit to its Green Star rating tools.

The credit rewards design initiatives, construction management procedures,

technologies, processes or strategies in projects that curb the spread of Covid-19.

As part of the GBCSA’s innovation category, it aims to help reduce the spread

of the pandemic and any other infectious diseases.

In line with global building design and innovation strategies, the GBCSA says addressing Covid-19 in the

built environment creates an opportunity to develop safer and healthier buildings and spaces for the people who live and work in them.

The GBCSA’s Green

Star rating tools already encourage healthy indoor environmental quality. The numerous credits within the rating tool are concerned with indoor environment

quality (IEQ) to promote the wellbeing of building occupants. By including relevant adaptation measures in buildings, initiatives such as nontoxic surface

Cape Town’s new River Club development creates jobs and celebrates heritage T

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he Liesbeek Leisure Properties Trust’s proposed new project for The River Club in Observatory, Cape Town, got the go-head from the Western Cape Department of Environmental Affairs and Development Planning.

It will consist of a mix of residential, retail and commercial components in several 10-storey buildings.

Trustee and spokesperson Jody Aufrichtig says 20% of the development will be residential, of which one fifth will be

for developer-subsidised inclusionary housing.

The project is estimated to cost R4bn and will employ more than 6,000 people, including 5,239 during construction. This will boost the ailing construction industry, which has lost more than 25,000 jobs this year.

The project will also create indirect and induced employment for 13,000 people, with further work opportunities expected to be offered by tenants in the office, residential and retail spaces.

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According to Aufrichtig, the development will provide a range of socioeconomic benefits for surrounding communities.

He says it is an opportunity to address the injustices of apartheid spatial planning and rehabilitate the degraded private space into a publicly accessible amenity in an urban park environment, with significantly enhanced ecological value.

Following engagements with senior indigenous Khoi and San leaders comprising the First Nations

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cleaning and disinfecting, workplace reoccupancy, risk management, social distancing, air quality and infection monitoring can be addressed.

Collective, the project will also serve as a first-of-itskind landmark in the city for the First Nations people to reclaim, memorialise and share their heritage with the greater public.

Aufrichtig says an indigenous medicinal garden will be planted, cultivated and used by the First Nations people, as well as a heritage eco trail and a garden amphitheatre for use by the First Nations and the general public that will provide an ideal platform to celebrate this heritage.

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