Property Flash


April 17 2023

A R3bn mixed-use development called Barlow Park located in Sandton is on the way. This affordable residential and mixed-use precinct is located in a premium South African location. It is being led by developers Atterbury and Divercity in partnership with Barloworld, Twin City, and the Moolman Group.

Construction of the first phase began in June 2022 on Barlow Park’s 4 100 affordable residential units in 11 apartment blocks, 5 500 square metres of retail and restaurant space in a vibrant open-air neighbourhood centre, a Curro school, medical centre, shared offices and other facilities.

“The development of the retail section is progressing apace, with the main retail structure already complete. The steel structures on the podium level going up, which are now visible from the adjacent M1 highway. They will soon house restaurants. The Curro school building has also been completed,” said Atterbury development manager, Ruan van Rooyen.

“Equally rapid advancements are being made on the first and second residential blocks, which will offer 750 rental apartments. The lift cores of these blocks now reach the height of eight of the total 11 floors, and they should top out around mid-year. Furthermore, earthworks for the third and fourth residential blocks of 860 units, including a creche, will commence this June,” said van Rooyen.

The first apartments at Barlow Park will be available for purchase in early 2024, and the Curro school and retail centre will open at the same time.

“The entire development, professional and construction team is excited to be working on a project of this scale,” said van Rooyen.

Divercity, an investor and developer, in affordable rental housing, has reported a long-term-vacancy rate below 5% in its portfolio for the first time since the pandemic. As more staff return to the workplace, demand for such residential opportunities close to or within commercial hubs is increasing.

“We are seeing a big uptick in demand for quality, affordable residential rental apartments to such an extent that it is starting to drive rental inflation. While we have always been confident in the Barlow Park development, we are particularly pleased that all signs point to it coming online right in the sweet spot of the market recovery,” said Derrick Pautz, Atterbury’s head of developments for Gauteng.

Barlow Park is located at 180 Katherine Street in Sandton. The property enjoys a prime position edged by the M1 highway and the major arterial of Katherine Street. It is less than two kilometres from the Grayston Avenue and Marlboro Drive offramps from the M1.

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