Construction World

In a ceremony held at the iconic Savoy Hotel in London on 4 December, Waterfall Management Company was awarded the International Best Mixed-use Development 2017/2018 for Waterfall Estate.

Waterfall Best International Mixed Use DevelopmentWillie Vos, CEO of Waterfall Management Company, receives the award for Best International Mixed-use Development 2017/2018 for Waterfall Estate, at the International Property Awards ceremony, held in London on 4 December 2017.

Now in their 25th year, the International Property Awards cover the regions of Asia Pacific, Africa and Arabia, Europe, USA and the Americas, as well as the UK, celebrating the very best projects and professionals in the industry. Companies receive awards for categories ranging across property development, real estate, interior design and architecture.

Over the past year, a panel of over 80 expert judges, chaired by four UK Lords, have studied and assessed thousands of entries, from 115 countries, to the world-renowned International Property Awards. Judging focuses on design, quality, service, innovation, originality, and commitment to sustainability.

Willie Vos, CEO of Waterfall Management Company, said: “After winning Best Mixed-use Development in South Africa and Africa for four years running, we are thrilled that Waterfall has finally been recognised for the world-class city that it truly is. The significance of being awarded International Best Mixed-use Development 2017/2018, is that property professionals worldwide will now take note of South Africa’s ability to build world-class developments, even during a time of major political uncertainty in the country.”

“Careful planning over a number of years and a lot of dedication from various role players working together as a team, have made this achievement possible” he continued.

Waterfall Management Company is the Property and Asset Management Company of the shareholders of the Waterfall land. Since 2004, Waterfall Management Company and its shareholders have been working with a group of first class developers to create the largest mixed-use development in Africa. This 2,200-hectare leasehold development, in the heart of Gauteng, offers integrated live-work-shop-play environments that provide unsurpassed quality of life in a vibrant urban environment.

By completion in around 2027, the current estimated developed value is approximately R100-billion. While the Waterfall development currently creates jobs for over 15 000 people, once completed, it will have created close to 70 000 job opportunities. The development in its entirety is also already responsible for contributing to rates and taxes to the City of Johannesburg of close to R300 million per year. This figure is expected to reach over R1-billion per annum by the time of completion.

Waterfall Management Company co-ordinates and directs the development with a holistic long-term view in mind and closely collaborates with the specialist development partners and Government authorities, where required.

One of the major role players in the development is Attacq,that has the future development rights for all commercial, retail and industrial developments. Developments by Attacq and its partners include The Mall of Africa, the PWC building, Amrod, BMW distribution centre, the Massbuild distribution centre and the Deloitte building, to name but a few. Century developments are responsible for the development of middle and high end-residential developments. Waterfall Equestrian Estate, two retirement villages and the Waterfall Country Estate and Village are some of their successes. Calgro M3 has developed the highly successful Waterfall View development consisting of 714 lower income houses, while Balwin has recently completed the first 500 of the planned 20 000 high density units, aimed at middle and lower income groups. Other former and current role players are Sanlam, Growthpoint, Zenprop, Netcare, Atterbury, Curro Schools, Reddam schools, PB and Sasol.

Waterfall Management Company and its shareholders are extremely proud of this international recognition and would like to thank and congratulate everyone involved in the development, including the individual residential investors who all contributed to this achievement in some way.

Contact Construction World

Title: Editor
Name: Wilhelm du Plessis
Email: constr@crown.co.za
Phone: +27 11 622-4770
Fax: +27 11 615-6108

Title: Advertising Manager
Name: Erna Oosthuizen
Email: ernao@crown.co.za
Phone: +27 11 622-4770
Fax: +27 11 615-6108

 
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