Barlow Park development project is set to takeoff

Earth moving equipment and logistics multinational company Barloworld is working on an investment property set for redevelopment in South Africa. It has partnered with property development firm Atterbury and investment finance house African Rainbow Capital.

According to official reports the joint venture property investment and development deal has already been signed and the next step is the rezoning of the property, which is projected to take place in a year. 
 
The total value of the investment is estimated to translate to approximately US $220m including the total redevelopment of this expansive corporate park into a vibrant mixed-use precinct.
 
The development will comprise of around 55 000 m2 of offices, over 780 residential units, a roughly 10 000 m2 community retail centre, as well as a hotel and a gym. Each property will enjoy peak functionality, access and visibility, with significant attention to detail ensuring it is designed for quality. 
 
The Barlow Park development project is well positioned to deliver a positive impact on the immediate community, as it is located at a key connection point with the nearby Alexandra Township and promises to create local economic and job opportunities. The development will be phased and rolled out in response to tenant and market demand. The entire project will be constructed in about six to eight years after obtaining zoning approval.

Posted on :12 Dec,2017

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