Attacq and Tricolt break ground on Ellipse Waterfall R1.25 billion high-rise development smashing market expectations: over 80% of phase 1 already sold

Attacq Ltd and Tricolt break ground on Ellipse Waterfall

R1.25 billion high-rise development smashes market expectations: over 80% of phase 1 already sold

29 August 2019. Today Attacq Ltd (Attacq) the JSE listed REIT developing Waterfall City, and Waterfall Logistics Hub announced, in partnership with acclaimed property developer, Tricolt, the breaking of ground at Ellipse Waterfall, the first high rise development within Waterfall City.

Comprising of four deluxe high-rise towers, named after celebrated astronomers; Newton, Kepler, Cassini and Galileo, the development has exceeded market sales expectation despite the country’s prevailing economic challenges. Since its launch in November 2018, the development has sold over 80% of the 272 apartments in the Newton and Kepler towers, with a waiting list for the final two towers 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.

Featuring innovative design from one of the country’s forerunners in architecture – dhk Architects, Ellipse has been carefully curated with the user experience in mind. It is the combination of luxury, aesthetics and functionality that one expects from the marriage of these industry pace-setters and has garnered the support of investors and end-users alike.

Tim Kloeck Chief Executive Officer of Tricolt, comments, “Each towers’ height differs, Newton has 10 storeys, Kepler has 11 storeys, Galileo has 12 storeys and Cassini has 16 storeys. The result is incredible views from every apartment – whether you are looking out onto the Magaliesberg or across to the Sandton skyline. Coupled with this is the ingenious internal space design. Each apartment is a celebration of modern architecture with ultra-indulgent finishes and spacious interiors to optimise flow.”

Located on 17 000 m² of land, the developers approached the design with great care, enlisting the expertise of the best the industry has to offer. Every aspect of this R1.25 billion development resonates quality – from the amenities and state of the art security systems to the outstanding architecture and finishes.

Melt Hamman, Chief Executive Officer of Attacq Ltd, observes, “Waterfall’s location is unparalleled, not only is it situated on the business corridor between Johannesburg and Pretoria, but it is supported by two Gautrain bus routes, private schools, a private hospital and features 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 1 is scheduled for completion in mid-2021. For more information, visit the Ellipse Waterfall sales office at Mall of Africa, Parkade G, Level 5, contact them on 0861 882 882 or visit www.ellipsewaterfall.co.za.

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About Attacq

Attacq Ltd is a premier Real Estate Investment Trust (REIT), founded in 2005 and listed on the Johannesburg Stock Exchange (JSE) in 2013. It is the owner and manager of a high-quality property portfolio worth over R28 billion in total asset value and is the property developer of the iconic Waterfall node.

Attacq delivers exceptional and sustainable growth through its real estate investments and developments in Waterfall City, Waterfall Logistics Hub and retail and mixed-use precincts. Property sectors include retail, office and mixed-use, light industrial and hotel, while the Mall of Africa, Garden Route Mall, Eikestad Mall and MooiRivier Mall are also amongst Attacq’s premium assets.

Bolstered by its four drivers, namely (1) the South African portfolio, (2) Developments at Waterfall (3) its investment in MAS Real Estate Inc. (which has a presence in Central and Eastern Europe) and (4) the Rest of Africa retail investments, Attacq is firmly positioned as one of the country’s preeminent REIT’s, offering growing income distributions.

For more information, go to www.attacq.co.za

About Tricolt

Tricolt is a South African based property development company that operates both locally and internationally. Tricolt is celebrated as a leader in the dynamic and challenging property industry, delivering quality developments of the highest standard. Tricolt has many luxury development’s in its portfolio, including The Houghton, Serengeti Estates and the Eye of Africa Golf and Residential Estate. Specialising in luxury residential apartments as well as commercial and leisure properties across all spectrums, Tricolt’s innovative and pioneering methods have placed them at the forefront of the industry. For more information visit www.tricolt.co.za.

About Waterfall

Waterfall is the latest growth node of Gauteng, the economic hub of the African continent. Poised to be the new city of Gauteng, the largest urban concept development – Waterfall offers the ultimate live-work-play environment. Waterfall is rapidly developing into a true lifestyle and blue-chip business destination between the metropolises of Johannesburg and Pretoria. The first luxury high-rise apartments, Ellipse, has been launched by Attacq and will contribute to the live-work-play environment.

Waterfall City, the CBD of Waterfall, is conveniently located next to the N1 highway and Allandale Road. This new commercial hub of Gauteng boasts the largest single-phase mall in Africa, appropriately named Mall of Africa.

At Waterfall, the state-of-the-art spatial design is taken to the next level. Beautiful green surroundings provide the ideal setting to live, work and play. Green building design and many lifestyle features, including running lanes and a luscious green park, ensures the enjoyment of nature as part of this modern destination development.

Good visibility and accessibility makes Waterfall Logistics Hub an attractive location for ultra-modern light and high-tech industrial, logistics and distribution business. The ability to have cross-functional teams on one site enables seamless collaboration improved productivity and increased customer satisfaction. The BMW Group SA’s purpose-built regional distribution facility has also been completed, with the location providing a strategic servicing advantage.

Waterfall also has an impressive track record of securing large-scale deals and delivering high-quality, purpose-built developments. Among the leading brands that have made Waterfall their home are PwC, Deloitte and Dimension Data.