Property Flash


Building group Tri-Star Construction and Profica, a developer and project manager, have broken ground on Saxon Square, an apartment block in the ever-trendy suburb of Rosebank, Johannesburg. The suburb has received a mass of developments in the past few years as people want to live, to work and to play in the area.

“We’re excited that the vision we had for this unique development is becoming a reality as we reach the next milestone,” said Malose Kekana, Chairman of Tri-Star Construction.  

“Investors can now look forward to the efficient construction and completion of the development over an anticipated 16-month period as every detail comes together,” he said.

Saxon Square will include one phase of 138 luxury studio, one-and-two-bedroom apartments, geared at Rosebank and burgeoning middle and upper-class office workers.

“We’ve reached our pre-sales targets in record time, even needing to redesign to make more of the popular one-bedroom units available as they sold out so fast. Many of our buyers are property investors, particularly those in financial and property circles, who have recognised a good opportunity. We expect this to include more first-time and buy-to-live buyers as soon as we start construction and people see the development coming to life,” said Kekana.

A rental management system will be developed by Flyt Property Investment and managed on-site by Wink Aparthotels which will enhance the appeal of Saxon Square as a “truly hassle-free property investment” according to Kekana. 

“Having just one phase is another clear advantage for both investors and prospective tenants,” said Profica CEO Tim White. He said Saxon Square buyers would be able to settle in or start letting out quickly, without being on a partial construction site while other phases are completed.

Located close to the Rosebank Gautrain station on Oxford Road, Saxon Square is poised to offer modern apartments and everyday city access. White said the development’s amenities included a 24-hour concierge, biometric access control, a resident’s café, a pool, a large rooftop garden as well as a garden courtyard, yoga lawn, an outdoor cinema and a co-working lounge.

Alistair Anderson

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