One of the largest residential and school developments along the Corridors of Freedom

Posted On Wednesday, 05 December 2018 08:18 Published by
Rate this item
(3 votes)

Africrest Properties was thrilled to host the Member of the Mayoral Committee (MMC) for Development Planning for the City of Johannesburg- Reuben Masango as well as MMC for Housing- Meshack van Wyk, at the opening of their latest middle income residential development in Bramley, known as ‘The Village’.

 DSC

What started with the purchase of a property which consisted of dilapidated hostel type accommodation in 2014 has resulted in this landmark development, being one of the largest mixed use residential and school developments located along the Corridors of Freedom.

MMC Masango stated that ‘We are happy as a City to be associated with such a development that embraces the vision and spatial planning of the City, that creates an environment where residents can live and play in close proximity to job opportunities’.

DCSF

Africrest has developed rental apartments, whose finishes and facilities mirror those of Sandton luxury apartments at a fraction of the price and only 2km from Melrose Arch and 800m from the Louis Botha Av. Rea Vaya Station. 

“We have already completed phase one of The Village which consists of 240 apartments and by the end of phase two the total development will have 530 apartments.” commented Grant Friedman and Greg Blend of Africrest.

Africrest is currently developing three other sites around Johannesburg and by June 2019 will have developed 800 apartments, by December 2020 Africrest will have a portfolio of at least 2,000 apartments. This is in addition to their growing commercial property portfolio.

DRONE-THE-VILLAGE

Africrest’s developments has provided employment for over 500 construction workers.

The company’s’ developments consists of one and two bedroom apartments and rentals range from R3,500 to R8,000 per month.

Africrest is committed to developing within the city’s urban design framework. Liana Strydom, the of City Johannesburg’s Transformation and Special Planning Department thanked Africrest “for being a developer that is building a better City”.

Last modified on Wednesday, 05 December 2018 08:51

Most Popular

Sky City Mall to open in April 2019

Jan 21, 2019
Sky City Mall Front view
Residents in and around Palm Ridge, Katlehong and Sky City can soon expect to visit an…

New year, new brands to shop at Morningside Shopping Centre

Jan 21, 2019
SHARON HENRY
Morningside Shopping Centre is ringing in 2019 with 10 new shops from great brands…

Bank lending remains positive despite 2018’s sluggish property market

Jan 21, 2019
RHY DYER OOBA CEO
2018 was a challenging year for the South African property market, with negative real…

Unchanged repo rate positive, while buyers gradually return to the market

Jan 20, 2019
Andrew Golding
After an unexpectedly tough 2018, but with the welcome announcement that the repo rate…

Overall residential building activity remaining subdued up to late 2018

Jan 20, 2019
Jacques Du Toit Absa  Home Loans
Private sector-financed building activity (see explanatory note) in the South African…

Please publish modules in offcanvas position.