New R6 Billion Precinct in Pretoria is Underway

Atterbury a commercial, residential and retail property developer has started construction on the first phase of Castle Gate, a new multi-use Pretoria precinct that will cost billions.  

Image Source: https://businesstech.co.za/

In total, Castle Gate will be 100 000sqm of office space, 40 000sqm of specialist medical facilities, a hotel, 1100 residential units as well as a 23 000sqm convenience retail centre. On top of this, the precinct will include walking and running trails on protected green areas, which will be 8 hectares. 

The development is expected to cost R6 billion in total and create 20 000 permanent jobs. 

Castle Gate was first announced in 2016. Atterbury partnered with the Erasmus family to develop the last portion of Waterkloof farm. 

Castle Gate will be about a 15 minute drive from Pretoria CBD. The site is situated between R21 and the N1 with easy access to all urban key points around Pretoria and Johannesburg.

Castle Gate will also be accessed easily from Solomon Mahlangu Drive that is already undergoing an upgrade. 

A new highway bridge across the N1 will be introduced during the second phase of the project and will accommodate dual directional double lanes on Solomon Mahlangu Drive between Hoërskool Waterkloof and Castle Gate.

It is expected that in September 2020 a convenience centre will open, which will include medical consulting rooms, offices, retail and a gym.

The lifestyle centre according to Atterbury will include latest store concepts for Dis-Chem, Woolworths, Checkers and Builders Warehouse as well as 10 restaurants including Spur, Rocomamas, Ocean Basket, Doppio Zero, Burger King and Nando’s. There will also be a Planet Fitness gym with a swimming pool and the nature area will have outdoor walking and a running track.

Castle Gate will be developed over the next 10 years and in mid 2020 the second phase for the precinct will begin.