New high-rise for Sandton

R2BN PROJECT: GROWTHPOINT, TRICOLT IN JV

- Suren Naidoo

Growthpoint is not only investing in Cape Town - the JSE-listed property giant is planning an opulent R2 billion-plus twin-tower apartment development in Sandton, just across the road from Discovery's head office.

This will be the group's first major apartment project in Sandton, which it is undertaking as a joint venture (JV) with Tricolt, a well-known luxury apartment developer.

The ambitious Olympus Sandton development will include a 26-storey tower and a 16-storey tower, anchored by retail and parking on the lower and basement levels.

It is Growthpoint's biggest new development in Sandton since the Discovery headquarters opened in 2018 (as a JV with Zenprop).

While sales of the over 400 apartments are already underway, with a sales office on site, the developers will officially launch the development in late February.