Balwin’s R9bn Waterfall project
SE-listed Balwin Properties has announced the development of Munyaka, a R9bn development in Waterfall, Midrand.
“Munyaka, which translates to ‘crystal’ in Venda, is set to be the crown jewel in our development portfolio,” says founder and CEO Steve Brookes. “We’ve worked closely with our architects to bring something exceptional to South African sectional title buyers and believe it will set a new standard for lifestyle estate living not only in Waterfall but indeed in the country.”
Construction is under way, with the balance of apartments being rolled out over the next eight years. Balwin is also investing significantly in road infrastructure around
JMunyaka, having already completed Mia Drive at a cost of more than R100m. Balwin recently concluded an exclusivity agreement with multinational company Crystal Lagoons for the development of freshwater lagoons in six strategic nodes in Joburg, Pretoria, the Dolphin
Coast, the Western Cape and Mbombela. The innovative Crystal Lagoons concept is patented in
190 countries and allows for the construction and maintenance of bodies of water in crystal-clear conditions at low cost, regardless of their size.
The Crystal Lagoon at Munyaka will be the largest in the southern hemisphere, covering an area of about seven rugby fields. The project will include a landmark 50m high tower with amenities including a 50-seater restaurant and conference facility with a commanding view of the Johannesburg skyline, a zipline into the lagoon and a heated pool fed by the lagoon. A wide range of nonmotorised water sports activities will be available through the lifestyle centre.
All residents at Munyaka will enjoy biometrically controlled access to the lagoon and a six-star green-rated VIP lifestyle centre where they can use the gym free of charge, as well as a spa, a cinema room, meeting rooms, restaurants, laundromats and concierge facilities.
Free Wi-Fi will be available at the lifestyle centre and around the Crystal Lagoon beachfront area, where cellphonecharging facilities will be offered at pergolas.