Plattekloof development an innovative residential product
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.