World’s Best Masterplan Win for Waterfall City.

Fortress Real Estate Investments Limited (Fortress), a leading real estate investment company with a portfolio of high-quality logistics and retail assets in South Africa and Central and Eastern Europe (CEE), has issued a trading and pre-close operational update for the period subsequent to 30 June 2024, showcasing continued growth and robust performance across its key segments.

The greater Umhlanga mixed use development space continues to grow in both sophistication and size. 

All 18 office suites in a sectional title office block at Century City have been sold ahead of the building completion. The 2 200 square metre building in question is part of the 18 000 square metre Central Park low rise office park.

Sedica Knight of the developers, Rabie Property Group, said the office suites range from just over 60 square metres to just over 220 square metres with purchasers being fairly evenly split between owner occupiers and investors

Despite improvements to Century City's vacancy rate, concern at city level still persists. That being said, Giles Balmer of developers, Rabie Property Group, maintains that sales and lettings in phase two of Central Park, the Courtyard precinct, have gone well and has spurred the group on to launch phase three shortly