Newinbosch Neighbourhood Estate in Stellenbosch recently received a Six Star Green Star Sustainable Precincts rating from the Green Building Council of South Africa (GBCSA) – a first for South Africa and Africa.

Such is the surge in demand for student accommodation in the university town of Stellenbosch in the Cape Winelands, that investors – and parents – are snapping up units in sectional title developments designed to cater for this lucrative market.

According to Louise Varga, Pam Golding Properties area manager for Stellenbosch, Somerset West, Gordon’s Bay and Strand: “The accelerated demand for student accommodation has pushed up property prices, especially sectional title properties close to Stellenbosch University campus.

“This demand translates into meaningful capital returns on investment for astute buyers, particularly those who acquire units on or soon after launch.  For example, a buyer who purchased an apartment for R2.4 million in Beau Vie sold it for R2.8 million a year later, achieving a 17% capital return in just one year.

“In another instance, we sold an entire apartment block Beau Vie 2 off plan to an investor even before it came to market, as he understood and seized the opportunity to capitalise on the high demand for student accommodation in Stellenbosch.”

Continues Varga: “In 2015 a two-bedroom unit in Andringa Walk sold for R2.65 million and was rented out for R9 400 per month, while today, a two-bedroom unit in this development sells for over R4.7 million and achieves rentals of R24 500 a month. The capital growth achieved in eight years is almost 77% while the rental has increased by 160% over the same period, and even during Covid, as rental demand continues to increase exponentially, exceeding supply.

“In 2010, we sold erven in the development, Brandwacht aan Rivier for R995 000 to buyers purchasing off plan, with some selling their erven three months after transfer for R1.495 million – that’s R500 000 or just over 50% more than they paid for them, which underscores the benefit of getting in early on these new developments.

“Furthermore,” says Varga, “a new development like Newinbosch, that offers a wide variety of homes and accommodation plus an endless list of amenities has sold over R200 million in residential property in just five months, on one estate.”

Stellenbosch, 4th August 2023 – Southern Sun de Wagen, an iconic historical hotel located in the heart of South Africa’s most famous wine region, proudly announced its re-opening on Friday, 4th August, just six weeks after a flash flood wreaked havoc on its premises on 14th June 2023. The hotel’s resilience and determination, coupled with the extraordinary efforts of the staff and contractors, have enabled a remarkable refurbishment and restoration process in record time.

On that fateful day the highest rainfall in 47 years was recorded by the province and the Eerste River burst its banks. Within the hour, the nearby Southern Sun de Wagen was flooding as water gushed through the adjacent street and flowed into the hotel. Hotel manager Abel Pienaar explained, “We were literally knee deep in water, wading through the hotel to assist guests with evacuation.  We did everything we could to prevent the water from entering the reception and lounge and other ground floor areas but the flood came so fast that the damage was done. The flood caused significant destruction to the hotel’s ground level, including the Kuyperhuis courtyard pool, woodwork, furniture, joineries, and floors. Once the water subsided, we realised the extent of the damage and it was evident that the entire ground level required a comprehensive refurbishment and repair effort.”

Despite the challenges faced, over the subsequent six weeks, the refurbishment team worked tirelessly to restore the hotel. In addition, they conducted thorough electrical and mechanical systems tests, including on water pumps, pool pumps, air con pumps, heat pumps, and water tanks to ensure the safety and comfort of guests upon the reopening.

“The restoration period has been phenomenally swift, thanks to our project manager and his incredibly determined and dedicated team who have worked around the clock to make sure that the hotel was closed for as short a time as possible and to ensure that it could re-open promptly,” Pienaar added.

Southern Sun de Wagen is more than just a boutique hotel; it is a living testament to South Africa’s rich history and cultural heritage. The hotel first opened in 2021 as a joint vision between Remgro and Southern Sun.  A collection of historic farmstead buildings dating back to the early 1900s was restored and re-imagined creating a unique and charming boutique hotel in Stellenbosch. The hotel’s white-walled Cape Dutch heritage, complemented by elegant interiors across its three country houses (Wagenhuis, Kuyperhuis, and Roeshuis), offers a collection of 22 bedrooms. Exposed wooden beams, elegant brass and marble bathrooms, and indigenous flora framing a courtyard pool add to the hotel’s historic value.

The flood refurbishment extended beyond the structural elements to preserve the hotel’s historical authenticity and special care was taken to repaint the exterior with a unique paint, specially designed for such old homes. The interiors of rooms affected by the flood were also repainted, ensuring that the hotel retains its charm and heritage.

The management of Southern Sun de Wagen expressed their gratitude to the staff members who displayed immense dedication during this time. Some staff members were relocated to other hotels, while those remaining worked tirelessly to keep reservations coming in for August onwards. Additionally, the contractors’ dedication and the sense of community displayed by everyone involved contributed to the successful and swift restoration of a unique and very special hotel.

“We are open for business, and we can’t wait to welcome our guests back with our warm hospitality. We are delighted to re-open in time to welcome Woordfees visitors to the festival in Stellenbosch,” shared Pienaar, expressing the hotel’s eagerness to make new memories with guests.

Buying an investment property is great, especially when you’ve chosen a good location. One thing no property owner wants to deal with however, is being the landlord to a problem tenant.

Park Villages Auctions brings to market a Stellenbosch modern family home

Cape-based Flyt Property Investment has announced the official launch of Quivertree, a trendy new property offering in the university town of Stellenbosch, featuring 102 self-catering, fully-furnished apartments for long- and short-term rentals or for purchase, geared not only for the student market also but for young professionals, transient  workers and business travellers.

On any given morning, especially during the academic year, it’s near impossible to find a parking space in Stellenbosch.

Atterbury is making its first foray into shared workspaces with its new Attspace co-working concept, which debuted at the La Gratitude Manor House on Stellenbosch’s historic oak-lined Dorp Street.

Mediclinic has started operating from brand-new, world-class medical facilities in Stellenbosch, purpose-built for the private hospital group by Atterbury and its partners to serve the growing demands to care for the Winelands community.

Atterbury’s new Western Cape office situated in the Winelands is La Gratitude Manor House - an iconic building, a national monument, and the second oldest building in Stellenbosch.