One of Joburg’s most established suburbs, Rosebank with its tree-lined streets and a mix of residential, commercial and retail developments continues to be a magnet for investment.
In a recent article Chris Renecle, managing director at Renprop, points out that this thriving area, situated just about equidistant from Sandton and the city centre, offers excellent investment opportunities.
Renprop are behind two of the newest luxury apartment property offerings in Rosebank – The Tyrwhitt and The Median.
“Both sites were designed for market demand and are perfect investment opportunities allowing investors to earn solid predetermined returns on their investment,” says Renecle who believes Rosebank’s offering – the excitement of fast-paced city life and the calm beauty of leafy suburbia – places it in high demand for both business and residential players.
“ All major property developers have ensured a foothold in what is fast becoming Johannesburg’s next – and most sought-after urban living node,” he says.
With a Gautrain station on its doorstep, Rosebank also offers the kind of lifestyle amenities like restaurant piazzas and cafe society that most South Africans often speak of wistfully as being a feature they love in overseas cities.
“Rosebank is one of the city’s oldest, most established suburbs, hitting an all-time peak in development investment of both commercial and residential properties. It’s a vibrant blend of business hub and urban living at its finest, fast aligning with new urban global living trends worldwide.”
Among the corporate brands that have chosen Rosebank as home are: Rand Merchant Holdings, Coca-Cola, Sappi, Life Healthcare, Total and BPs head office, and the new Radisson Red hotel (August 2021). Anglo American, Anglo Coal and Anglo Gold Ashanti are already in the district, with more Anglo subsidiaries said to follow soon.
“When looking at the area in numbers – in the past three years a remarkable two hundred thousand square meters has been developed, completed, and occupied. A further 7,000㎡ is under construction, which on completion, will house 14,000 people. These numbers exclude properties completed more than 36 months ago, for example the iconic Standard Bank building, which is approximately 75,000㎡. This demonstrates the incredible growth of the area, thus making it a sought-after address for businesses, individuals, and families.
Renecle goes on to add: “There is so much more to Rosebank than one expects. Most appealing is the fact that it offers everything you need in close proximity, including the convenience of major retailers, office space, top hotels, restaurants, coffee shops, art galleries, and gyms. As well as being a complete package for art enthusiasts, business travellers and foodies add the Gautrain, bus routes, taxi ranks, easy access to the highway and other main arterioles, as well as top private and government schools, churches, a hospital, and comprehensive offering of medical suites.
“This makes it the most user-friendly location in Jozi, easily competing with Sandton as a key living and business hub. Due to its compact size, visitors, residents, and workers are able to walk the area, enjoying the outdoors atmosphere, en route to their destination.”
It is indeed one of the most prized aspects of the neighbourhood, designed as it is for walkability and pedestrian life.
