{"id":765211,"date":"2024-04-06T17:00:00","date_gmt":"2024-04-06T15:00:00","guid":{"rendered":"https:\/\/businesstech.co.za\/news\/?p=765211"},"modified":"2024-04-08T08:33:44","modified_gmt":"2024-04-08T06:33:44","slug":"major-new-city-coming-to-south-africas-wealthiest-area","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/property\/765211\/major-new-city-coming-to-south-africas-wealthiest-area\/","title":{"rendered":"Major new ‘city’ coming to South Africa’s wealthiest area"},"content":{"rendered":"\n

Calgro M3 and Eris Property Group (EPG) are working on a massive new development in South Africa’s richest area, with R18 billion in potential revenue.<\/p>\n\n\n\n

Last month, Calgro M3 and EPG formalised the acquisition of a land parcel situated between Marlboro and Waterfall in Johannesburg. The parcel will be used for the Bankenveld District City (BDC) development.<\/p>\n\n\n\n

The development will deliver between 20,000 and 30,000 housing units as well as commercial, retail, and industrial spaces.<\/p>\n\n\n\n

Roughly 34% of the land will be used for infrastructure projects, such as roads, stormwater management, and green belt areas. <\/p>\n\n\n\n

Calgro M3 said that the project has the potential to generate upwards of R18 billion in revenue – doubling its existing project pipeline. <\/p>\n\n\n

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EPG previously said that the 300-hectare development will be located just off the Marlboro offramp, close to Sandton and with N3 highway exposure, making it Johannesburg North’s most connected precinct.<\/p>\n\n\n\n

It is also situated adjacent to the Marlboro Road Gautrain station. <\/p>\n\n\n\n

“The business precinct is near established and developing residential areas. This level of proximity addresses the growing need of communities to work close to home,” said EPG. <\/p>\n\n\n\n

“As more and more people opt to work closer to home, BDC is ideally situated to attract a large workforce that will find the commute to and from work compatible with work-life balance and the lifestyle they want to achieve.”<\/p>\n\n\n\n

It will have 500,000 sqm of Warehouse & Logistics, Retail and Commercial developments.<\/p>\n\n\n\n

BDB is also set to have state-of-the-art security with access control and energy-efficient buildings. <\/p>\n\n\n\n

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Read<\/strong>: South Africans are digging themselves into a hole<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Calgro M3 and Eris Property Group are working on a massive new development in South Africa’s richest area, with R18 billion in potential revenue.<\/p>\n","protected":false},"author":95,"featured_media":642695,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12755],"tags":[14315,11941,26],"class_list":["post-765211","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-property","tag-calgro-m3","tag-eris-property-group","tag-headline"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/765211","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/users\/95"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=765211"}],"version-history":[{"count":6,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/765211\/revisions"}],"predecessor-version":[{"id":766585,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/765211\/revisions\/766585"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/642695"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=765211"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=765211"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=765211"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}