Oct
2013
Pretoria east is fast becoming a shoppers- and investors haven. With the advent of the major development being undertaken with Nedbank as funding partners for this monumental project, the east of Pretoria could experience an upsurge in property value.
Pretoria was traditionally viewed as a more sedate suburb especially compared to Johannesburg suburbs. This is changing with night-life entertainment already being an attraction to the Menlyn suburb of Pretoria east. With many foreign diplomats residing in Pretoria suburbs and many Embassies already situated in suburbs close to Menlyn, Pretoria east has an international flavour.
This project will boast hotels and a possible casino which will further enhance the attraction to this sought after Pretoria east residential suburb. The design of the projects is award winning and environmentally friendly. Menlyn shopping mall has by itself some breathtaking views of the suburb in the summer evenings.
Close to the N4 and N1 highways, Menlyn is situated in prime location. With most of the infrastructure like private and government schools, private hospitals, retirement villages, residential properties and golf estates already in place, further commercial use and development makes perfect sense. The Wonderboom Airport is also located within close proximity increasing accessibility via alternative modes of transport.
Property developers in South Africa are following world trends in developing "green" properties. This is something which would hold many advantages in South Africa as energy consumption comes at a premium rate, and this would alleviate the already taxed power supply as experienced in many provinces.
The development in Menlyn is one of many happenings in and around Gauteng, and these developments infuse stability in the property market.
Suburbs around Menlyn are in demand for their reputation, location and suburb stability. These suburbs include Newlands, Brooklyn, Faerie Glen, Pretoriuspark, Garsfontein and Menlopark.
The term "city centre" is being redefined by developments such as Menlyn Main.
