The development management of the landmark 20-storey executive apartment building in Illovo named Beacon Towers, formerly The Beacon, is being undertaken by Newcity Group and marketed by Renprop. The Newcity Group has more than 30 years of development experience in South Africa, including a long and successful track record in residential development. These include Katherine Quay and The Emperor in Sandton as well as Esprit Estate in Wendywood and 15 on Orange in Cape Town. It is currently in the process of developing Embassy Towers in Sandton, which will consist of exclusive two- and three-bedroom apartments as well as bespoke penthouses.
Beacon Towers will offer the same high level of exclusive apartment living, and under Newcity’s excellent management, construction is expected to commence in autumn 2017 with completion scheduled for approximately August 2019.
“Beacon Towers is aptly named as it will be located on the highest geographical point in the area,” explains Chris Renecle, MD of Renprop. “This means that just by virtue of the height of the land, every single apartment will boast exceptional views.”
Well-located on Rivonia Road, Beacon Towers offers chic, high-rise living to the Illovo precinct with its 240 apartments which will be spread over 20 floors. This apartment building will reshape the Illovo skyline and cater to the increased demand for well-priced apartment accommodation in the area due to the continued expansion of the Illovo office node.
Apartments at Beacon Towers are ideally suited to executives working in the Sandton/Illovo area, as well as investors who are looking to benefit from sound capital growth as well as rental income. “From an investment perspective, there is a strong rental demand in the Illovo precinct due to its excellent positioning between the business and entertainment hubs of Sandton and Rosebank,” Renecle points out.
“This development affords those who want to live closer to their place of work with the ideal address. Furthermore, the location of Beacon Towers provides unrivaled access to amenities from shops and schools to medical facilities and public transport such as the Gautrain,” he says.
The striking Art Deco designed building will house a combination of one- and two-bedroom apartments as well as exclusive penthouses. Communal facilities include a clubhouse, a boardroom facility, gym, swimming pool and concierge service. Residents will also have access to secure basement parking. There will also be ample visitors parking.
As one of the best priced apartment offerings in the greater Sandton node, one-bedroom apartments at Beacon Towers are available from R1.825 million. The two-bedroom, one-bathroom apartments are priced from around R2.23 million, while the two-bedroom, two-bathroom apartments are selling from R2.68 million.
“The competitive pricing and the excellent positioning of Beacon Towers makes it an attractive option. We remain very excited about the huge potential this landmark development holds,” Renecle concludes.