Comments David Reid, GM for the Gauteng region of Pam Golding Commercial, a marketer of the commercial component: "In essence a 'city within a city', this major landmark project is set to transform the area into a major commercial growth point. Dissected by major arterial highways and with three Gautrain stations, namely Marlboro, Midrand and AECI in close proximity, Waterfall City is set to close the gap between the areas of Midrand, Woodmead, Sunninghill and Buccleuch. It's ideally positioned in a prime location between the N1, M3, N3 Buccleuch interchange and Allandale, providing easy access to the Pretoria, Sandton and Johannesburg CBD's. Most importantly, with its synergistic mixed-use development framework and developed on the latest urban design principles, Waterfall City will provide a comprehensive lifestyle environment geared to become the preferred destination in Gauteng for residents, workers, shoppers, tourists and corporate South Africa."
Atterbury Property Group, who have been at the forefront of developing in excess of 700 000sqm of prime property in high growth nodes across the country, have acquired the exclusive development rights for in excess of 1.4 million sqm of gross lettable area in Waterfall City - intended for commercial, retail, light industrial and mixed-use developments. This development will be a top end, modern and self-sufficient precinct controlled by an independent management company responsible for ensuring the uninterrupted provision of essential services such as electricity, security and access control, waste management, waste removal, sanitation and cleaning. State of the art technology and broadband based services will be available to tenants in an aesthetically pleasing and secure environment.
Jonathan Klimek, leasing, sales and investment broker for Pam Golding Commercial (PGC) says: "Strengthened by its attractive residential component and with convenient access and optimal exposure from the N1 highway, this project has major appeal for corporate tenants who require a prime address which is central, upmarket and with the most advanced technology and support services at their disposal. In addition to corporate offices, this makes Waterfall City ideal also for tenants requiring space for showrooms, distribution and light industrial operations - particularly given the easy distribution channels. The upgrading of the Allandale interchange, estimated due for completion in May 2010, includes the upgrading of on and off ramps from the N1 to facilitate traffic flow without having to cross Allandale Road as well as increasing Allandale Road to a four lane road."
PGC are currently receiving enquiries regarding a number of land parcels. These include:
• Midfall Place: 160 000sqm of lettable space set on 41ha for mainly light industrial warehousing
• Allanfall Crossing: 32ha of mainly light industrial space with small portion of offices
• Downtown City: 138ha of mixed use development including a regional shopping centre, motor dealers, offices and high density upmarket residential accommodation
• Waterford Village: 53 594sqm of primarily eco-estate offices plus showrooms, training centres and conference facilities
• Eco Retail at Waterfall: 40 000sqm of mixed use development with gyms, offices, restaurant, small shopping centre, lifestyle nursery and retail component, including a 10 000sqm Equestrian Estate Office park comprising 1000-5000sqm buildings
• Woodmead North Office Park: 4200sqm of offices at market related rentals
• Waterfield Place: 52 443sqm of offices, with 35 percent of floor area used for commercial use
• Waterton Square: 64 000sqm business park comprising 25 600sqm of offices and 38 400sqm of warehousing, and
• Development land parcels for warehousing and distribution, and for light industrial and a commercial park.
Publisher: eProp
Source: PGC

