Why invest in Pretoria North
Make Tshwane’s Zone of Choice your choice
happening in Pretoria’s northern region. The City of Tshwane has identified
parts of this region as a Zone of Choice for development and infrastructure-led
capital investment. This strategic investment area
will serve as a catalyst for development in the north of Pretoria. The
region is situated just a stone’s throw from the Rosslyn automotive cluster,
the Wonderboom Airport and brand-new Rainbow Junction retail development. In
addition, it is served by several public transport options, such as train
stations and the new
A Re Yeng Bus Rapid Transit system. The upwardly mobile emerging middle class currently living in neighbouring townships of Soshanguve and Temba are looking to own their first home and live closer to work in new, well-serviced developments, making this area particularly attractive to investors.
Rainbow Junction for the Rainbow Nation
The recently launched Rainbow Junction retail and business development, comprising 8 500 m² of retail space, lies in the centre of the Zone of Choice, boasting convenient access to Wonderboom Airport, the Platinum Highway as well as A Re Yeng Bus Rapid Transit. Once finished, this development will be a hive of activity with shopping, lunches, dinner after work and breakfast meetings. The development is expected to create some 30 000 permanent job opportunities and will lead to spin-off developments in Pretoria North specifically, as it is the northern gateway to the city. This will further increase the already high demand for rental property in the area, which means investors can expect favourable returns on their investment.
Rosslyn racing ahead
Rosslyn is already the primary source of employment in the area, and with BMW’s expansion on the cards, it will unlock even more job opportunities. But that’s not all, Rosslyn is preparing for development of the Rosslyn Hub, which will consist of the Rosslyn Industrial Park, Rosslyn Mall and Rosslyn Gardens residential development. The Rosslyn Industrial Park will house various industries, from mining to IT. Construction of the Rosslyn Mall, with retail space of 30 000 m², is expected to start in 2016.
Another important source of employment and community development is the Onderstepoort campus of the University of Pretoria. It is the oldest of its kind in Africa and the only one in South Africa, dating back to the 1920s. Apart from its research and teaching mandate, Onderstepoort also provides services to the immediate community.
Transport taking off
The conveniently situated Wonderboom Airport has recently started to offer daily commercial flights between Pretoria and Cape Town. The intimacy of the airport offers travellers a real “walk-on, walk-off” experience as well as affordable parking close to the terminal building. Inside the terminal building, there is an array of airport facilities such as airport lounges, a hotel, shops and restaurants as well as free Wi-Fi.
Gauteng premier David Makhuru recently said, “An airport is an act of foresight and vision.” He said while the airport is still in its infancy, a whole new city will be developed in the area. In turn, Tshwane mayor Kgosientoso Ramokgopa said more money will be invested to develop the area.
Tshwane’s bus rapid transit system, A re yeng, was launched in 2013 at the Hatfield Station, right opposite the Hatfield Gautrain Station. These modern, low-floor buses will eventually link the northwest region from Soshanguve to Mamelodi in the east through the Pretoria CBD. There are some 60 stations planned along the route, including Doreen, R513/Brits Road, Rachel De Beer, Paul Kruger and Mansfield. This means those living near the bus stations in the Pretoria North area won’t even need to have a car as the city centre is just a few minutes’ bus ride away. In addition, the area is also served by various train and normal bus stations, as well as taxi routes.