Waterfall Business Estate begins next phase

The next phase of development at Waterfall Business Estate will begin before year-end. Atterbury's latest development includes a landmark 23nbsp;000 sqm head office for Group Five and a 26nbsp;500 sqm warehouse for Tarsus. It is also developing 6000 sqm of offices for Golder Associates and another 5000 sqm speculative building at Maxwell Office Park.

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Waterfall Business Estate is a 1.6 million sqm mixed-use commercial development with central location, between Sandton and Midrand.

"Developing prime offices and distribution centres is progressing at a pleasing rate. As more commercial development is complete and more residential units come to market at Waterfall, we are also creating community resources," says Atterbury Property Development director, Coenie Bezuidenhout. To this end, it recently broke ground for a 9000 sqm convenience centre at Maxwell Corner.

High-profile businesses, which have chosen to operate from the estate, include Cell C, Altech Group and a Netcare Hospital. Also under development is a 30nbsp;000 sqm distribution centre for Walmart's Massbuild and an 8000 sqm distribution warehouse for Digistics, that services fast food industry companies such as KFC and McDonalds.

Atterbury Investment Holdings (AIH) is the major investor in Waterfall Business Estate, with an 80% stake and Atterbury Property Development owns 20%.