Real Estate Investor September 2022 | Page 140

URBAN RENEWALS
with Observatory via the City ' s planned extension of Berkeley Road across the Black River ,” added Mthi .

INCLUSIONARY HOUSING CLOSE TO CITY CENTRE

“ Our primary objective is to develop significant new inclusionary housing opportunities near the city centre . South Africa ’ s recent public and private housing strategy has over-emphasised mega projects placed in urban peripheries . These have forced lower income households away from amenities and exacerbated urban sprawl .
“ In contrast , Maitland is centrally located in Cape Town , has exceptional public transport options , and is already a mixed-use suburb consisting of residential , industrial , commercial , educational and community properties and amenities . These factors all make Maitland Metro an excellent location for inclusionary housing .”

NEW EMPLOYMENT OPPORTUNITIES

“ We are committed to achieving this goal in the context of a mixeduse node in which commercial development will simultaneously create employment opportunities
140 SEPTEMBER 2022 SA Real Estate Investor Magazine