The company’s total investment in the area is estimated to exceed R750 million over the next five to seven years.

Amdec is one of South Africa’s leading property development, investment and project management specialist firms. With almost 20 years of industry experience and a current development portfolio in excess of R4,5 billion, Amdec ranks as one of the country’s biggest private property developers. The company has developed from its origins as an entrepreneurial family business into a national concern active in almost all sectors of property development with projects in the Cape, Gauteng and Eastern Cape. This is Amdec’s first foray into the province.

Amdec is joint owner of Melrose Arch in Johannesburg’s leafy northern suburbs, as well as the ex JCI headquarters situated in the 20,000m2 flagship 28 Harrison Street office tower in the Johannesburg CBD and the nearby 88 Fox Street. In Cape Town Amdec’s portfolio includes Westlake Lifestyle Centre, Steenberg Office Park and its own head quarters, Amdec House.

Development rights are already in place for two of the sites. The first project will be a secure gated development valued in excess of R400 million.
“With Pietermartizburg now KwaZulu-Natal’s administrative capital, this area has a growing appeal to home owners. There is huge potential in the midlands region and we have great confidence for its future. These developments will serve to assist in enhancing local economies, infrastructure and services,” Regional Director for Amdec Property Development Magnus McDowall.