FWJK to bring co-development to Menlyn

Posted On Thursday, 14 December 2017 11:40 Published by
Rate this item
(1 Vote)

National property developer FWJK has secured land in Menlyn to develop a new 85 000m² sectional title mixed use building consisting of ground and first floor retail, a 450 learner creche, multi-tenant sectional title office suites, residential apartments and luxury penthouse suites, according to Rhys Rocke, regional director of FWJK.

This R1.9bn development dubbed ‘Menlyn Link’ will be situated between the 177 000m² Menlyn Park Shopping Centre and the Menlyn Maine Central Square Precinct on Lois Avenue. Menlyn Link will assume the mantle of the tallest building in the greater Menlyn area at an impressive 26 storeys, changing the Menlyn skyline and offering 360 degree views of the surrounding vista.

Rocke elaborated by saying that, “Menlyn Link offers a range of one, two, three and four bedroom apartments as well as five bedroom penthouses. The apartments are designed to be highly desirable with gas stoves, green technology, spacious living areas and entertainment balconies.

Int_Penthouse

With the convenient ground floor shops and restaurants providing a vibrant retail experience together with the rooftop club house, tennis court and swimming pool, residents will have various desirable amenities at hand to name a few. Those working in the P-Grade office suites will truly experience a first of its kind in Menlyn with a ‘work-play-live’ lifestyle.”

Hugo Moller, a Knight Frank property broker who specialises in the Pretoria region confirmed Rocke’s sentiments and added that the Menlyn Precinct is a notable attraction for residents as it is Africa’s first green city; being pedestrian and bicycle friendly. 

Moller went on to highlight the accessibility of Menlyn including the existing BRT routes, Gautrain bus routes and recently upgraded Atterbury and Garsfontein offramps which service the precinct.

“Recent years have seen the development of the Menlyn Times Square Casino, an 8 500 seater concert arena, a plethora of new restaurants and retail offerings and the unrelenting influx of corporates such as Nedbank, FNB, Liberty, Santam, King Price, Sage, BMW and the PIC evidencing Menlyn’s status as the destination of choice in Pretoria East.”

Rocke went on say that the development will be undertaken on the basis of the FWJK Co-Development at Cost Methodology giving investors the opportunity to partake in owning equity in the project at the brick and mortar cost which is roughly 30% below market prices.

FWJK expects to launch Menlyn Link to the market in early 2018 with confidence that it will sell out rapidly given high demand peaking in this area. 

Last modified on Thursday, 14 December 2017 12:11

Most Popular

Balwin Properties and ABSA launch South Africa’s first green home loan

Mar 13, 2020
Apartment 71933
JSE-listed Balwin Properties Limited (Balwin Properties or the Company) and Absa Group…

Growthpoint reports a steady first half with its growth strategies paying dividends

Mar 11, 2020
Growthpoint Properties Group CEO Norbert Sassee
Growthpoint Properties (JSE: GRT) reported distributable income growth of 2.2% to R3.2bn,…

Spear REIT launches innovative self-isolation campaign for returning travellers in Cape Town, South Africa to combat COVID-19:

Mar 18, 2020
Double Tree Op
JSE listed Spear REIT Limited, the owner of the Double Tree by Hilton Cape Town, is the…

Financial Fitness – Is this the right time to buy property?

Mar 20, 2020
Governor Lesetja Kganyago SARB1
With the South African Reserve Bank’s announcement of interest rates cut of 100 basis…

Precautions, planning and preparation - the real estate agent's guide to weathering the Covid19 storm

Mar 16, 2020
Corona
With the Corona Virus now in SA and beginning to cause widespread panic, we are not only…

Please publish modules in offcanvas position.