Growthpoint is not only investing in Cape Town - the JSE-listed property giant is planning an opulent R2 billion-plus twin-tower apartment development in Sandton, just across the road from Discovery's head office.
This will be the group's first major apartment project in Sandton, which it is undertaking as a joint venture (JV) with Tricolt, a well-known luxury apartment developer.
The ambitious Olympus Sandton development will include a 26-storey tower and a 16-storey tower, anchored by retail and parking on the lower and basement levels.
It is Growthpoint's biggest new development in Sandton since the Discovery headquarters opened in 2018 (as a JV with Zenprop).
While sales of the over 400 apartments are already underway, with a sales office on site, the developers will officially launch the development in late February.
This story is from the December 12, 2024 edition of The Citizen.
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This story is from the December 12, 2024 edition of The Citizen.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
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