Riverfields 5 June 2017 Presenter: Dr Lardus Erasmus Email: info@riverfields.co.za Tel: 011 391 0039
Contents Location Development vision & framework Delivered to date Infrastructure investment Project pipeline
Perfect positioning at the heart of a global city region By car R21/ Albertina Sisulu Direct access OR Tambo 12 min Gautrain Rhodesfield 17 min Germiston CBD 27 min Pretoria CBD 26 min Joburg CBD 31 min Sandton CBD 45 min Midrand CBD 25 min On foot Gautrain bus stop (RF1 -14) 6 min Kaalfontein station 22 min Birchleigh station 30 min
Flagship mixed-use. development that forms an Flagship mixed-use development that forms an integral part of the Ekurhuleni Aerotropolis +/- 800ha of development land At the core of the Albertina Sisulu Corridor Est. R2 billion already invested Up to 6 000 000m2 of bulk will eventually be developed with a present net value of R60bn
Riverfields Development Framework
Riverfields Development Framework
A visionary development The Riverfields Vision “To create a sustainable urban node that facilitates a thriving economy and community.”
A visionary development Development principles Promote intensity and complexity within the development rather than urban sprawl Quality public environments and legibility through investment in landscaping of streets, pedestrian ways, signage, parks, public squares Emphasis on public transport and pedestrian movement, through green routes and nodes on 5-10 minute walks, and integrating the local bus system with the Gautrain and PRASA rail systems Promote a mix of land use patterns within the area in order to integrate retail, industrial, residential and institutional uses Emphasis on a sustainable environment through architecture, stormwater management, renewable energy, preservation of wetlands, greywater possibilities, security management.
PROPERTY RATES UNDEVELOPED PROPERTY RATES DEVELOPED Proclaimed land use rights Residential - 838 full title stands - 622 sectional title units Retail - 46 622m2 Industrial - 847 217m2 Offices - 36 651m2 TIMEFRAME AREA M2 BULK M² RES 1 UNITS RES 3 UNITS ACTUAL RES BUSS 1 BUSS 4 IND SPECIAL RETAIL PROCLAIMED TOWNSHIPS 2 358 604 1 316 538 838 622 1 460 36 651 847 217 46 622 PROPERTY RATES UNDEVELOPED PROPERTY RATES DEVELOPED EMPLOYMENT SHORT TERM EMPLOYMENT LONG TERM R 123 528 R 157 714 324 12 308 8 357
Plumbago Business Park (JT Ross)
Where global brands feel at home
Plumbago Business Park (JT Ross)
Gleneagle Office Park
Gleneagle Estate
Robin Ridge (Gleneagle Estate)
Road infrastructure invested to date Monument Road Extension Mulder Road Under Pass to Dann Road (K121) Portion of the R21 Expressway – Serengeti to First Road, Bredell Under Pass – Links Expressway to Plumbago Park and Regional Shopping Centre (Project Excellence Award – Structures and Buildings Winner – 2016) R21 / R23 Intersections Riverfields Boulevard Blaauwklippen Avenue
Road infrastructure invested to date Monument Extension R21/R23 Blaauwklippen Avenue Under Pass Mulder Road R21 Expressway
R32 Expressway
Infrastructure investment to date Infrastructure installed to date: Sewer – R 25 650 253,00 Water – R 17 893 295,00 Electricity – R 91 947 973,00 Roads – R 232 838 702,00 Total – R 368 330 223,00
Infrastructure investment requirements Road Infrastructure PWV 15 (R21 Highway to N12 Highway ) R21 Expressway (between 1st and 7th Avenue) K155 upgrade Monument Road (4 lanes) Riverfields Boulevard Extension Water and Sanitation Outfall Sewer Line from Pomona to Serengeti Pump Station Bredell Water Tower Electricity New substation & 88KV line
Project pipeline (2017 – 2020) Industrial / Commercial townships Regional Shopping Centre (80 000m2) Neighbourhood Shopping Centre (13 500m2) Community Centre / Sport Precinct / Schools Swallow Hills – Residential Estate Social Housing
PROPERTY RATES UNDEVELOPED PROPERTY RATES DEVELOPED Project pipeline (2017 – 2020) TIMEFRAME RES 1 UNITS RES 3 UNITS ACTUAL RES BUSS 1 BUSS 4 IND SPECIAL RETAIL EDUC PROCLAMATION ON 2017 to 2021 170 1 513 1 683 80 000 61 299 330 757 73 120 13 500 90 022 PROPERTY RATES UNDEVELOPED PROPERTY RATES DEVELOPED EMPLOYMENT SHORT TERM EMPLOYMENT LONG TERM R 706 273 R 116 975 151 9 656 7 733
Industrial / Commercial Townships Witfontein Ext 77 Witfontein Ext 57
Regional Shopping Centre (Riverfields Mall)
Neighbourhood Shopping Centre (Harvest Square)
Community Centre & School Precinct Church Schools
Swallow Hills
Inclusionary housing
Infrastructure (2017 – 2020) Road Infrastructure PWV 15 (R21 Highway to N12 Highway ) R21 Expressway (between 1st and 7th Avenue) Monument Road (4 lanes) Riverfields Boulevard Extension Water and Sanitation Outfall Sewer Line from Pomona to Serengeti Pump Station Bredell Water Tower Electricity New substation
PROPERTY RATES UNDEVELOPED PROPERTY RATES DEVELOPED Proposed development (2021 – 2036) TIMEFRAME AREA M2 BULK M² RES 1 UNITS RES 3 UNITS ACTUAL RES BUSS 1 BUSS 4 IND SPECIAL RETAIL PROCLAMATION ON 2021 to 2025 2 255 454 1 616 156 426 667 1 093 286 861 751 558 284 394 13 338 PROCLAMATION ON 2026 to 2030 5 677 539 3 617 945 500 4 730 5 230 234 109 55 800 2 522 759 PROCLAMATION ON 2031 to 2036 337 627 222 121 102 213 636 GRAND TOTALS 8 270 620 5 456 222 926 5 499 6 425 734 606 55 799 3 274 317 YEARS PROPERTY RATES UNDEVELOPED PROPERTY RATES DEVELOPED EMPLOYMENT SHORT TERM EMPLOYMENT LONG TERM 2021-2025 R 940 288 R 272 505 153 14 496 16 951 2026-2030 R 2 494 872 R 507 610 652 33 502 26 443 2031-2036 R 154 633 R 41 006 755 1 910 4 340 TOTAL R 3 589 793 R 821 122 560 49 908 47 734
Urban management, sustainability & social investment Riverfields Management Association Urban Design Guidelines Riverfields Foundation Social Housing
Alignment with EMM Capital Investment Framework
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