Sign In

The first Waterfall City high-rise breaks ground

Attacq Ltd (Attacq) the JSE listed REIT developing Waterfall City, and Waterfall Logistics Hub, in partnership with property developer, Tricolt, has announced the breaking of ground at Ellipse Waterfall, the first high rise development within Waterfall City.

Comprising four luxury high-rise towers, named after celebrated astronomers Newton, Kepler, Cassini and Galileo, the R1.25 billion development has exceeded market sales expectation despite the country’s prevailing economic challenges. Since its launch in November 2018, over 80% of the 272 apartments in the Newton and Kepler towers have been sold, and a waiting list for the final two towers is steadily growing. This is a total value of R550 million in sales to date.

“We believe that Ellipse is poised to redefine the live, work, play ethos in Gauteng. Based on the premise of excellence in infrastructure, safety and sustainability. Waterfall is a fully contained, mixed-use node that encompasses a variety of lifestyle, residential and commercial needs. Ellipse is at the heart of this exciting new metropolis offering the only luxury high-rise apartments in the precinct,” says Giles Pendleton, chief development officer at Attacq.

Designed by dhk Architects, Ellipse is being built on 17 000 m² of land and has been carefully curated with the user experience in mind.

Tricolt chief executive, Tim Kloeck, says: “Each towers’ height is different. Newton has 10 storeys, Kepler has 11 storeys, Galileo 12 storeys and Cassini 16 storeys. The result is remarkable views from every apartment – looking out onto the Magaliesberg or across to the Sandton skyline.”

Attacq chief executive, Melt Hamman, says: “Waterfall is situated on the business corridor between Johannesburg and Pretoria, and is supported by two Gautrain bus routes, private schools, a private hospital and has world-class lifestyle and leisure amenities on its doorstep. This makes Ellipse a compelling proposition to discerning investors looking for long term capital growth and secure rental yields.”

Ellipse Waterfall phase one is scheduled for completion in mid-2021.

Loading comments
More Lifestyle & Architecture articles
How to lower your water consumption
03 Apr 2020
Water is a vital commodity that we require to survive. South Africa is ranked as one of the 30 driest countries with an annual average rainfall of 464 mm. In recent times, there has been an increase in droughts across South Africa, which means that the necessary precautions must be taken to ensure that this essential resource is not used carelessly.
read more
Making ends meet - 15 ways to cut back on household expenses
02 Apr 2020
We currently find ourselves in a financially precarious situation as all non-essential businesses shut down for a period of 21 days. This will result in a loss of wages for many South Africans and will place most of us under severe financial constraints.
read more