Property is Booming in Cape Town and The Boland is where it’s at
Cape Town, often referred to as the Mother City, continues to cement its reputation as a prime destination not only for travel but also as an attractive hub for living and conducting business. This vibrant city boasts well-maintained roads and infrastructure, making it a desirable location for property investment. Urban Growth, a prominent property investment company in South Africa, highlights several factors contributing to the positive growth of industrial property in Cape Town, including a limited supply, strong sector performance, and the financial viability of off-grid properties. In addition to industrial opportunities, residential developments like Staytus Collection’s Boland Oval are proving invaluable, offering investors exceptional value and residents a modern, harmonious living environment in the heart of Paarl.
Industrial and residential property in Cape Town
The Mother City’s roads and infrastructure are well maintained, which is one of the most important factors to consider, especially when it comes to property investment in the area.
According to Urban Growth, an independent property investment company operating in South Africa, there are many other aspects that contribute to Cape Town’s positive industrial property growth specifically:
- There is a limited supply of industrial property in the area.
- The industrial property sector has been the best-performing sector in South Africa over the past year.
- Tenants require protection from loadshedding and the financials for off-grid industrial properties make better sense, which is why Urban Growth’s portfolio consists of mainly off-grid, Grade A industrial properties in the Western Cape.
In addition to industrial property, residential developments are also offering good value to investors. Urban Growth’s Director and Co-founder, Ross Gregory says: “South Africa, in general, offers good value in terms of property – both residential and industrial – but the Western Cape location adds enormously to the development’s value.”
Boland Oval
Staytus Collection’s latest endeavour, Boland Oval, is proof that residential developments prove invaluable in the Cape. They recently announced the launch of the project, which is a mixed-use development aiming to redefine lifestyle living in the heart of Paarl. Ultimately, it is the company’s mission to elevate the standards of urban living, with quality, aesthetics and functionality being three of the main pillars of the development. It promises a sophisticated, modern, harmonious living environment for residents.
Boland Oval is strategically located in the flourishing Drakenstein Municipality, offering convenient access to key landmarks and business districts. The development will feature spacious apartments with a layout that integrates the Boland Park international cricket field and beautiful views over the Paarl mountains. It will also be supported by 6000m² retail space, a high-performance sports centre, medical facilities and a five-story hotel and conferencing complex. Boland Oval’s apartment blocks will include pet-friendly blocks as well, and state-of-the-art green technologies will form an integral part of the development, ensuring a minimal ecological footprint while also maximising energy efficiency.
The groundbreaking endeavour by Staytus Collection showcases their commitment to creating exceptional spaces that seamlessly bring innovation, sustainability and community together.
