Estate Living Magazine Precinct Living - Issue 33 | Page 20

Midrand
GAUTENG’S NEW EMERGING CBD
Midrand was once a flat, peri-urban plain dotted with the odd farm or industrial or
business premises, but today it is fast taking shape as the developed link between
Johannesburg and Pretoria.
The buzz of development is all happening in Waterfall,
which is – according to developers – the latest growth
node and future CBD of Gauteng. Waterfall sprawls from
Modderfontein in the east to beyond Kyalami in the west,
and is evolving into a lifestyle and blue-chip business
destination.
Mall of Africa
The Mall of Africa, co-owned by Atterbury Property
Developers and Attacq Ltd, is the hub of the 323-hectare
Waterfall City development project, which, it is estimated,
will cost R71 billion to complete. Developers predict
that – when it is completed in 10 years – it will be larger
than the Sandton and Johannesburg CBDs combined.
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The R4.9 billion, 131,038-square-metre mall, located
at the Allandale interchange on the N1 highway, will
house every conceivable brand, from Versace, H&M and
Cotton On to Game, Woolworths and Mr Price, as well as
some international firsts, such as Zara Home and Armani
Exchange.
A three-hectare Waterfall Park adjacent to the mall features
3,868 square metres of planted garden and 5,715 square
metres of open space – lawns, amphitheatres, a staging
area and exhibition, market space and recreational spaces.
Property boom
The development has contributed to a mini property