OCTODEC Investments, which redevelops properties in Gauteng’s central business districts, is developing four large residential properties worth more than R500m as it looks to benefit from demand for city living.Demand for residential property in SA has grown aggressively over the past few years — especially in city centres where professionals are seeking housing.MD Jeffrey Wapnick said on Monday at the release of Octodec’s financial results for the six months to February that his company was well positioned to build large and profitable residential developments and meet the demand. Four projects worth about R653.3m were under construction.One was the R326.9m Centre Forum greenfield residential development consisting of 400 units, ground-floor retail space and parking in the Tshwane central business district. It was situated adjacent to the new Tshwane House municipal development and was set for completion late next year with a fully let yield of 8.1%.Another was on Mutual, a R140.4m...
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