Attacq, Tricolt break ground on R1.25bn high-rise Ellipse Waterfall development
05-09-2019
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Bizcommunity.com
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JSE-listed REIT Attacq and Waterfall Logistics Hub recently announced the breaking of ground at Ellipse Waterfall, the first high-rise development within Waterfall City. The project is being undertaken in partnership with property developer Tricolt.
Comprising four deluxe high-rise towers, named after celebrated astronomers Newton, Kepler, Cassini and Galileo, the development has exceeded market sales expectation despite the country's prevailing economic challenges. Since its launch in November 2018, the development has sold over 80% of the 272 apartments in the Newton and Kepler towers, with a waiting list for the final two towers steadily growing. This is a total value of R550m in sales to date.
Says Tim Kloeck, chief executive officer of Tricolt, "Each towers' height differs, Newton has 10 storeys, Kepler has 11 storeys, Galileo has 12 storeys and Cassini has 16 storeys. The result is incredible views from every apartment – whether you are looking out onto the Magaliesberg or across to the Sandton skyline. Coupled with this is the ingenious internal space design. Each apartment is a celebration of modern architecture with ultra-indulgent finishes and spacious interiors to optimise flow.”
Ellipse Waterfall phase one is scheduled for completion in mid-2021.
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