Steyn City complex development

24/5/2016
Project development

ZAR 6.5 billion

$ 495.582 million

Announced

24/5/2016


Overview:

  • The Steyn City complex development involves the construction of a new residential and commercial complex to the north of Fourways in Johannesburg.
  • It is a 2,000 acre estate comprised of residential units, a golf course and commercial space.
  • ZAR6.5 billion was been spent on the first phase and more than ZAR50 billion is expected to be spent for the second phase of the development
  • Specifics of the project included a major upgrade of provincial roads, the development of new provincial roads and the construction of a entire new residential disrtict.

Anna Kozakova - Journalist

Jurisdiction:

South Africa

Deal type:

Project development

Practice area:

Project development

Governing law:

South Africa

Industry sector:

Real estate


Firm:

Party: Steyn City Properties (Project company)

Lawyer: Lureshan Naidoo