Subdevelopers move onto Royal Ascot

Posted On Wednesday, 28 August 2002 02:00 Published by
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The first subdeveloper has moved onto Investec's new Royal Ascot residential development at Milnerton race course in Cape Town
The first subdeveloper has moved onto Investec's new Royal Ascot residential development at Milnerton race course in Cape Town.

Ishmael Essa's property developing company, Asrin Property Developers, is to roll out 57 freestanding homes in the first phase of the project and 50 in the second.

Asrin purchased 4ha of land alongside the proposed entrance boulevard to Royal Ascot, a development project managed by Rabie Property Projects and expected to deliver 1300 residential units in a gated community.

Funding for the Ascot Knights project has been provided by Absa Bank, which hopes to back many of the individual home loans as well.

The first home owners are expected move into Ascot Knights by July next year.

Business Day


Publisher: Business Day
Source: Business Day

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