Plat­tek­loof de­vel­op­ment an in­no­va­tive res­i­den­tial prod­uct

Weekend Argus (Saturday Edition) - - PROPERTY -

WEST­ERN Cap e - b a s e d p r o p e r t y d e v e l o p e r MS P G r o u p r e c e n t l y an­nounced the launch of its first Bur­gundy Es­tate res­i­den­tial de­vel­op­ment in Plat­tek­loof.

Set for com­ple­tion in May 2010, the Le Rouge de­vel­op­ment will con­sist of 47 apart­ments at the heart of Bur­gundy Es­tate, which bor­ders the vine­yards of Dur­banville Hills and De Gren­del.

MSP chief ex­ec­u­tive Ri­aan Roos says Le Rouge is the group’s sec­ond new de­vel­op­ment launched in a fort­night and he feels pos­i­tive the mar­ket is ready to re­ceive in­no­va­tive res­i­den­tial prod­ucts.

“ We a n t i c i p a t e d t h e r e n e we d in­ter­est in the res­i­den­tial prop­erty mar­ket and geared our prod­uct to roll out at the right time to an­swer the n e e d s o f i nve s t o r s a n d e n d - u s e buy­ers,” says Roos.

Le Rouge is de­signed for mid­dle-to up­per-in­come buy­ers and prices will start at R669 900 for two-bed­room apart­ments with one bath­room and a park­ing bay. Twelve garages will be avail­able for pur­chase at R50 000 each. Ground-floor apart­ments will have gar­dens and oth­ers will have bal­conies.

Bur­gundy Es­tate is a new sub­urb cov­er­ing 185 hectares on the west­fac­ing slopes of the Tyger­berg on land that, un­til re­cently, be­longed to the Sir De Vil­liers Graaff Trust and formed part of the Graaff fam­i­lies’ De Gren­del farm. The de­vel­op­ment c o n s o r t i u m c o n s i s t s o f C h a rl e s Pot g i e t e r I nve s t ments, Ned­bank Cor­po­rate Prop­erty Fi­nance and GR8 4U In­vest­ments.

The de­vel­op­ers have made pro­vi­sion for a church, schools, crèche, re­tail out­lets and pub­lic open spa­ces. Fea­tures of the es­tate in­clude eco­con­trolled land­scap­ing, perime­ter se­cu­rity, ac­cess se­cu­rity and se­cu­rity pa­trols. The Le Rouge de­vel­op­ment will be mar­keted by two agen­cies – Uvest and Bet­ter Homes.

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