One hundred billion rand in investment – and counting. The 2 200 ha Waterfall development continues with planned new additions, and has garnered some prestigious awards too. At the International Property Awards in London in December 2018, it won the title of Best International Mixed-use Development for the second year running, and Best Mixed-use Development in Africa for the fifth consecutive year.
At the awards, more than 80 experts assessed thousands of entries from 115 countries, noting design, service, quality, innovation, originality and commitment.
By the time of its anticipated completion in 2027, the Waterfall development will combine 28 000 residential units inhabited by about 80 000 people. There will be approximately 1.6 million m2 of gross leasable area for commercial and office space, accommodating another 80 000 people in workspaces.
One of the main developers, Attacq, along with partners, has been behind notable edifices such as the Mall of Africa, the PwC building, BMW and the soon-to-be-constructed Deloitte building, among others. Ellipse Waterfall, Attacq’s first residential high-rise development, is due to be finished in 2021. Meanwhile, Century Property Developments, Sanlam and Calgro M3 Holdings have put up more than 4 000 residential units, while Balwin Properties is constructing 23 000 residential units, to be completed by 2027.
Sustainability has been a key focus. Several buildings have already achieved Green Star certification, including the internationally recognised Gold LEED certification developed by the US Green Building Council. Buildings with LEED certification include Novartis and the PwC headquarters. In 2017, the Waterfall public transport holding facility received a 5-star Green Star rating.