Cradle City, expected to be at least three times the size of the Sandton central business district, will comprise of approximately 10 million m² of development bulk at an estimated value of R35bn on completion. The development will be the biggest single property development ever earmarked for JHB with the first of six phases set to commence in May 2009. The idea is to create a complete city around Lanseria using ‘new urban design principles’ by integrating ‘living, working, playing, trade and travel’.
Commenting on the news, Gavin Lucas, CEO of the SASSI Self Storage Group, said; ‘This is fantastic news for SASSI and our investment partners in the new West Rand facility. The location of the new Stor-Age will complement the development of Cradle City and we are excited by the potential to unlock further value in our new self storage development.’
Publisher: eProp
Source: SASSI

