Massive redevelopment sets up Loftus area for a boom

27-11-2015
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eprop.co.za
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The area around the iconic Loftus Versfeld stadium in Pretoria is set to become another of the city’s growth nodes, with the development of new residential and mixed-use spaces such as the ambitious Loftus Park with its retail and commercial office components.

Kirkness_Rendering

Retha Schutte, Pam Golding Properties regional executive in Pretoria, says that the rapid growth of the Tshwane municipal area has been nothing short of astonishing. “Regions such as Menlyn are becoming the new mini-Sandtons of Pretoria and now we are seeing areas such as that around the Loftus Versfeld stadium earmarked for massive redevelopment.”

According to Schutte, the development of the Loftus area is being led by the construction of a new residential apartment block called 441@Kirkness by developer Coza Investments. This is located directly opposite the stadium. “Usually we see retail and commercial property spearheading the development of growth nodes, but in this case a residential space is leading the way,” adds Schutte.

She says that 441@Kirkness is a new residential block consisting of 56 upmarket apartments, which have now been put to market by Pam Golding Properties for R998 000.

“With the area set to boom, the developers of 441@Kirkness have seen the huge need for affordable quality accommodation in the area, which is conveniently situated nearby the very heart of Pretoria and a range of commercial, educational, medical and retail facilities,” adds Schutte.

The 51sqm one-bedroom apartments are situated within easy reach of the Union Buildings, numerous embassies, major transport routes, the Hatfield Gautrain station as well as Tshwane’s Bus Rapid Transit (BRT) service routes, which makes commuting easy. In addition, there are a number of prestigious hospitals in close proximity and it is within walking distance of the University of Pretoria, Afrikaanse Hoër Seunskool, Pretoria Boys High School, Pretoria Girls High and Afrikaaanse Hoër Meisieskool.