Construction World April 2022

WATERFALL SCOOPS THREE BEST IN AFRICA AWARDS

I n March, at the first in-person International Property Awards ceremony held since the advent of the COVID-19 pandemic in early 2020, Waterfall Management Company and Attacq were honoured with the Best Retail Architecture in Africa 2021/2022 award for the iconic Mall of Africa in Waterfall City, in addition to the Waterfall website (www.waterfall.co.za) being crowned Best Developer Website in Africa 2021/2022. Over and above these, Balwin Properties walked off with the Best Leisure Development in Africa 2021/2022 award for the Munyaka residential estate in Waterfall. The lavish Grand Finale champagne breakfast and awards presentation was held at the famous Savoy Hotel in London on 25 February, where winners of both the regional and international awards were announced. Waterfall’s three regional Development awards follow hot on the heels of the four Best in SA Development accolades received in October last year, namely for Developer Website, Retail Architecture, Office Development for the Deloitte building and Leisure Development for Munyaka. The International Property Awards, now in their 28 th year, celebrate the very best projects and professionals in the industry across 45 residential and commercial categories. Awards are split into four sectors namely, Architecture, Development, Interior Design and Real Estate, across nine regions covering Africa, Arabia, Asia Pacific, Canada, Central and South America, the Caribbean, Europe, UK and the USA. A panel of over 80 independent industry experts assessed and judged thousands of entries from 115 countries to finally arrive at the regional and international winners. Judging focused on design, quality, service, innovation, originality and commitment to sustainability. Willie Vos, CEO of Waterfall Management Company, said, “Although the Waterfall development is currently only approximately 45% complete, it is fast becoming known as the new economic hub of South Africa – an ideal residential, lifestyle and blue-chip business destination. Each year the development expands, offering more world-class facilities to its residents, commercial tenants, visitors and communities in the surrounding areas. We are so proud to receive annual international recognition for the unique, world-class smart city we are in the process of building. Congrats to everyone involved and here’s to many more!” Waterfall Management Company is the Property and

Tito Vorster, Group Treasury of the Waterfall Management Company.

Asset Management Company of the Waterfall land. Since 2004, Waterfall Management Company has been working with investors and developers such as Attacq and Balwin to create the largest mixed-use development in Africa. This 2 200-hectare leasehold development offers integrated, fibre-ready live-work-play environments that provide an unsurpassed quality of life in a vibrant urban setting. While 19 000 people currently live on Waterfall and 26 000 people are at present employed on the development, it is estimated that over 70 000 job opportunities have been created on Waterfall to date. Currently, the Waterfall Group and its partners are involved in projects on Waterfall exceeding R50b in market value. Once completed, the total development value is estimated at R150bn. 

21 CONSTRUCTION WORLD APRIL 2022