The Amdec Group expands its Western Cape property portfolio

27th Nov 2019Business

The Amdec Group, South Africa’s leading developer of new urban lifestyles, has recently acquired the multi-award-winning Sitari Country Estate, outside Somerset West in the Western Cape. This forms part of the Amdec Group’s strategy to strengthen its portfolio in the region, and represents an exciting opportunity to leverage its more than three decades’ experience in the development of iconic mixed-use precincts, inclusionary housing communities, retirement villages, and secure lifestyle estates.  

According to James Wilson, CEO of the Amdec Group: “The Amdec Group focuses on large-scale projects within thriving metropolitan areas, so the scope and scale of Sitari Country Estate represents a compelling investment.  It provides us with a well-established lifestyle brand in an outstanding location and adds to our prestigious portfolio of premium real estate assets that include Melrose Arch in Johannesburg, The Yacht Club and Harbour Arch in Cape Town, Evergreen Lifestyle Retirement Villages, Val de Vie and Pearl Valley outside Paarl, and Westbrook in Port Elizabeth,” he said.

Sitari Country Estate is located within the picturesque Helderberg basin which is currently enjoying phenomenal growth, with exciting residential and retail initiatives that closely mirror the growth experienced in other decentralised nodes such as Menlyn in Pretoria. The area is also a highly sought-after retirement destination. The central location means residents have quick travel times to Cape Town, Paarl, Stellenbosch, Somerset West, Overberg and Cape Town International Airport.

The estate spans 190 hectares and offers a range of premium and luxury apartments, village and country-style homes, as well as an Evergreen Lifestyle retirement village, Curro private school, and a large neighbourhood retail centre.  It also boasts orchards, vineyards, play areas,  and a 22-hectare wetland, interspersed with high-quality contemporary rural architecture.

Sitari Country Estate was launched in 2014 and is well established, with all primary infrastructure substantially complete and operational. There are 3 150 residential opportunities within the estate, including a mix of freestanding erven and sectional title apartments. More than 1 700 units have been sold to date. The remaining 1 450 development opportunities will all be sold as completed houses or apartments, further expanding the estate.

Sitari Country Estate also offers a select number of offices for rent, giving residents the option of working within walking distance of their homes. The estate will feature discreet security that includes CCTV cameras, a control centre on-site, movement sensors, infrared beams, and biometric access controls.

According to Wilson, “This acquisition provides the Amdec Group with a variety of accommodation options in an estate that caters for a broad spectrum of the population.  From young professionals and families through to empty nesters and retirees, residents will enjoy an active, convenient, safe and secure lifestyle within a world-class country estate.”

“Investors can also look forward to the prospect of strong rental returns given the influx of people to the area, along with the schools, shops and other facilities on offer. The area is also home to a high concentration of hospitals and medical facilities, providing the assurance of expert medical care, irrespective of your life stage” he said.  

“The Amdec Group will bring all of our experience in design, development, marketing, sales and estate management to the Sitari Country Estate, hopefully increasing the momentum required to complete the remaining homes, thus uplifting the estate and augmenting its inherent brand value”, Wilson concluded.

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