Waterfall

Waterfall City is a R21 billion building project in Midrand, comprising of a shopping centre, two retirement villages, industrial and business parks, a private hospital, a five-star hotel and various residential estates. It is the biggest development of its kind in Africa and one of the largest in the world - Waterfall Business Estate alone unifies northern Sandton and Midrand essentially. Waterfall is a 330-hectare mixed-use development, spanning spans both sides of the N1 highway, from Woodmead Interchange through the Buccleuch Interchange to Allandale Interchange.

It joins Modderfontein in the east, reaching beyond Kyalami in the west. It enjoys superb access from Pretoria, Sandton and Johannesburg. Atterbury Property Group is developing the Waterfall Business Estate, the 1.6 million square metre mixed-use commercial component of Waterfall City – essentially a central business district.

Waterfall City is of a significantly greater scale than anything currently in South Africa – it is the largest urban concept development in South Africa, covering 140 hectares and offering an 800 000sqm dynamic mix of retail, offices and homes. The development surrounds a 115 000 sqm shopping precinct, combined with offices and apartment blocks. It is set to become a prime business address for companies seeking the prominence of a prestigious development and the convenience of being part of an integrated city. Century Property Development is undertaking the residential component, comprising over 6000 residential units and apartments, making it a true mixed-used development. With over 6000 homes in Waterfall Business Estate, it means people can work where they live. This reduces travelling time and distance, taking cars off the road and creates an integrated urban environment that offers corporates convenience and prestige. Consolidated and centralised services improve efficiency and reduce waste and contain costs. It also has unprecedented rights, offering commercial tenants the opportunity to develop iconic buildings. The Midrand office market has grown at between 12.6% and 14% since 1993 and office vacancy levels are one of the lowest in Joburg, at 5%. 

Cell C is among a number of prestigious companies who are opting to locate their operations at Waterfall Business Estate. Altech Group will shortly take occupation of a 4200sqm office building in Woodmead North Office Park. A 30 000sqm distribution centre for Walmart's Massbuild and an 8000sqm distribution warehouse for Digistics, which services fast food industry companies like KFC and McDonalds, are currently under construction.

Commercial Areas

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