Attacq, the owner of one of the country’s largest shopping centres, Mall of Africa and the newly built PwC office tower, is branching into residential property with a R1.2bn high-rise apartment development called Ellipse Waterfall. The new residential development will be situated in the heart of Waterfall City, which forms part of the greater Waterfall node. To date Attacq has either developed or sold about 600,000m² of developable land. CEO Melt Hamman said the Waterfall precinct had become the fastest- growing mixed-use node since planning for it began in 2008. The precinct’s “impressive growth” had made a strong case for a residential component to be added in the central city section of the node. Attacq, which owned a number of developments and large tracts of land in the precinct, has rights to build 4,000 units over time. Ellipse Waterfall, which would include 590 apartments and would be built in two phases was the first residential development that would be created by Attacq i...

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