The company has earmarked R40 million for a three-hectare park to anchor the commercial and retail offering.
Attacq CEO Morné Wilken, who likens the size of the park to “six rugby fields”, said the idea with Waterfall City was to create a new city. As of December, the company completed 211 000 square metres of the mixed-use development’s 1.4 million remaining bulk, which will roll out in the next two years. Of the completed buildings, Attacq has sold 38 000 square metres and held 173 000 square metres of the development.
Some new tenants include Honda, Premier Foods, City Lodge, Westcon and Angel Shack. About 176 000 square metres is under construction with Novartis, Colgate, Servest and more, expected to occupy this year. Wilken said another development would include the new 25-storey PwC head office.
Attacq is also building a R150 million bridge to the Mall of Africa that is “more than 75%” pre-let. At 131 000 square metres, it will be South Africa’s biggest single-phase mall development, due to open in April 2016.