GGDA partners with African Real Estate & Infrastructure Summit in Sandton this week
The opening session of the African Real Estate & Infrastructure Summit in Sandton this week will feature keynote addresses by Mr Muzi Mathema, the Gauteng Growth and Development Agency’s Acting Group Executive: Trade, Investment and Regulatory Enablement, as well as the CEO of the Gauteng Industrial Development Zone, Mrs Seipati Mangadi.
The opportunities and challenges in the South African property sector, from commercial to residential, will be in focus at the summit that returns to Sandton from Thursday, 11 October. Some 200 property professionals are expected to attend this award-winning real estate event, including Johannesburg’s Executive Mayor, Herman Mashaba.
The Gauteng Growth and Development Agency (GGDA) is the headline sponsor for the African Real Estate & Infrastructure Summit with the Gauteng Industrial Development Zone (GIDZ), a subsidiary company of the GGDA, also represented and speaking at the event.
The conference theme is: “Examining the commercial, industrial and residential development landscape in South Africa”, and programme highlights include:
Day 1 – Thursday, 11 October 2018:
09:00-09:30
Opening Keynote: Investing in South Africa: How African capital cities are leading the way
- Muzi Mathema, Acting Group Executive: Trade, Investment and Regulatory Enablement at Gauteng Growth and Development Agency
At the GGDA, Mr Mathema is successfully leading the division responsible for promoting trade and exports in and out of the Gauteng Province, as well as the facilitation of both Foreign Direct Investment (FDI) and Domestic Direct Investment (DDI) into the Gauteng Province. The function serves to drive economic growth and job creation, through value added facilitation of targeted investment in strategic sectors and delivering trade linkages globally. Additionally, through engagements with public sector stakeholders, potential investors, entrepreneurs, inward and outward trade missions, he is tasked to strategically position the Gauteng Province as a Globally Competitive City Region (GCR).
09:30-10:00
IDZs: Stimulating Struggling Economies: Expansion and development of the country’s industrial development zones: What are the opportunities?
- Seipati Mangadi, CEO of Gauteng Industrial Development Zone
“The IDZ initiative will go a long way in attracting investment and contributing to lowering unemployment,” according to Ms Mangadi, “however, it should not be seen in separation to other endeavours to make South Africa an attractive destination in which to invest.” She continues: “success lies in working in close cooperation with all stakeholders tasked with marketing South Africa’s investment opportunities. At any given time, there are delegations visiting the globe in efforts to attract investment. However, there could be more cooperation, comparing notes, sharing ideas and ensuring that there is synergy. South Africa needs to sell itself as one investment destination as opposed to competing provinces and SEZs. The launch of Invest SA as a one stop shop is aimed at addressing the current challenges.”
Day 2 – Friday, 12 October 2018:
09h30 - 10h00
Keynote: Residential Inner City Rejuvenation: How is the City of Johannesburg looking to stimulate private sector investment to raise its R20bn towards redeveloping into affordable housing?
- Herman Mashaba, Executive Mayor, City of Johannesburg
Full interviews with several of the event’s expert speakers and partners can be read here: http://www.african-real-estate-summit.com/interviews
Property Buyer Show
During the same week as the African Real Estate & Infrastructure Summit, the award-winning Property Buyer Show also returns to Gauteng from 12-14 October at the Sandton International Convention Centre. The Property Buyer Show is a unique, proven format exhibition aimed at first-time residential property buyers or real estate investors and earlier this year won the AAXO ROAR Organiser and Exhibitor Award for the Best Consumer Exhibition 6000 sqm and under. The African Real Estate & Infrastructure Summit was also voted Africa's best Confex (half conference, half exhibition) at the 2017 AAXO Roar Awards.
The summit and the Property Buyer Show are organised by the multi award-winning Spintelligent, well known for organising exhibitions and conferences across the continent in the infrastructure, energy, mining and agriculture sectors. Longstanding flagship events by Spintelligent include African Utility Week, Future Energy Nigeria (formerly WAPIC), Future Energy East Africa (formerly WAPIC), Agritech Expo Zambia, Kenya Mining Forum, Nigeria Mining Week, DRC Mining Week. Spintelligent is part of Clarion Events Ltd, based in the UK.
Dates and location:
African Real Estate & Infrastructure Summit: 11-12 October 2018
Property Buyer Show expo: 13-14 October 2018
Location: Sandton Convention Centre, Johannesburg, South Africa
Websites: http://www.african-real-estate-summit.com/ & http://www.propertybuyershow.com
Twitter: https://twitter.com/ARES_Summit & https://twitter.com/propertyshowsa
Linkedin: https://www.linkedin.com/groups/8518271
Media contact:
Senior communications manager: Annemarie Roodbol
Telephone: +27 21 700 3558
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.
SECOND PHASE OF 42 HECTARE RESIDENTIAL ESTATE IN SOMERSET WEST TO LAUNCH IN SEPTEMBER
The second development phase at Somerset Lakes, a 42-hectare residential estate in Somerset West, will be released to the market in mid September. The first phase sold out rapidly, with 114 sales being recorded within just six weeks of the launch. Construction of the first phase is well under way and occupation is expected to take place in mid 2015.
The new phase, Waterford Green, comprises 48 freestanding double-storey houses, selling from R1,3 million including VAT, no transfer duty. These two and three bedroom homes offer spacious, contemporary, open-plan living areas and private gardens. All homes include at least two bathrooms, one being en suite, and the three-bedroom design offers a garage and an optional guest toilet.
According to Dave Harris, Sales and Marketing Manager of Somerset Lakes, the new product has been specifically designed to help meet the growing demand for affordable, quality housing in the popular Somerset West area.
“We’ve been inundated with requests from buyers looking for houses,” Harris said. “People want freestanding homes with gardens, views and security, in close proximity to the centre of Somerset West, and that’s exactly what our latest product at Somerset Lakes has to offer.”
Designed by Schabort Associates Architects, the new development phase is located alongside the six-hectare lake that gives the estate its name.
“This unique feature is a huge attraction,” Harris commented. “It’s ideal for swimming, canoeing, sailing, windsurfing and fishing, and home to a rich variety of water birds. A magnificent community clubhouse on the shores of the lake, The Summer Club, will enhance the appeal of this fantastic recreational asset, providing residents with play areas, boat sheds, a sandy white beach, and a swimming pool and deck area with stunning views of False Bay and the Hottentots Holland mountains.”
The developers, Omwieco (Pty) Ltd, a consortium of highly experienced development professionals backed by financial giant Investec, have devoted no less than 40% of the estate’s total area to green, open space for the recreation of residents. This includes the lakes and other water features, a mature forest of stone pine trees, landscaped parks and gardens, and kilometres of walking trails and mountain biking tracks.
An indigenous fynbos nursery has been established on the estate, which was recently awarded the prized 2014 SALI Gold Award for landscape design by the South African Landscapers Institute.“No expense has been spared to implement the most technically advanced security system at Somerset Lakes,” said Harris. "These measures include electrified perimeter fencing with 70 high-definition surveillance cameras, which are monitored around the clock from the hi-tech guardhouse, 24-hour guarding and patrols, and an on-site rapid response team. Other advanced features include biometric fingerprint access control."
All homes in the estate will be hardwired with fibre-optic cabling for superfast internet access, DStv and VOIP telephone connectivity, which will allow free telephone calls within the estate.
A Curro Castle School is being constructed on the estate and is due to open its doors in 2015.
Convenient access to the Somerset West village has been provided by the developers through the R16 million construction of Reunion Drive, which links the main entrance of Somerset Lakes to Sir Lowry’s Pass Village Road under a specially constructed railway bridge. Just a few hundred metres from this entrance, an upmarket new shopping centre is now under construction, where Checkers, Woolworths Foods and Clicks will be the anchor tenants.The Vergelegen Mediclinic and the Somerset West CBD are less than two kilometres away, while popular Somerset Mall shopping centre is just 3,5 kilometres from the estate.
“When you consider the amazing lifestyle advantages Somerset Lakes offers, the security, the convenience of the surrounding amenities, and the incredible natural beauty of the estate, I have no doubt our second phase will sell as fast as the first one,” said Harris.“I strongly advise anyone interested to register online for an invitation to a pre-launch sales opportunity, ahead of our public launch in mid September, to avoid disappointment.”
For further information visit www.somersetlakes.co.za or phone 021 202 2200.
