Olympus Sandton, a landmark mixed-use development, will be joining the skyline of Africa’s richest square mile, nestled between LXX Sandhurst and Discovery’s head office.
- The development is a partnership between Growthpoint Properties and residential developer Tricolt.
- Olympus Sandton marks the latest chapter in Growthpoint’s decade-long investment in the Sandton Summit precinct.
- It represents its first major residential development targeting the growing demand for urban living in Sandton Central.
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Situated in the heart of the Sandton Summit precinct, the R2-billion-plus project is a step towards transforming Sandton Central into South Africa’s premier walkable mixed-use neighbourhood.
This project will feature two towers. The first phase, a 26-storey residential skyscraper along Rivonia Road, promises not only luxurious living spaces but also premium retail and dining options. Among the highlights will be an upper-floor restaurant and a ground-floor retail space. The second phase will add a 16-storey tower east of the initial structure.
Construction of the development is set to begin in the latter half of that year, with the towers expected to provide unmatched views of Johannesburg from Sandton Ridge, the highest point in the area.
We believe the launch of Olympus Sandton is perfectly aligned with Sandton Central’s resurgence as a vibrant hub. The precinct is evolving rapidly, driven by a trend of people wanting to live closer to workplaces and amenities. This development brings an exceptional mix of residential, office, retail, and leisure offerings to the area.
// Growthpoint’s Head of Asset Management South Africa, Neil Schloss
Sandton has undergone a significant revival in recent years, with office vacancy rates declining as businesses maintain and expand their physical presence. Timothy Irvine, Growthpoint’s Head of Asset Management for Offices, noted that Sandton is embracing this shift by adapting not just its office spaces but its entire lifestyle.
Olympus Sandton embodies this transformation, offering a lifestyle that supports work, leisure, and sustainability in one of Africa’s most cosmopolitan business capitals.
// Growthpoint’s Head of Asset Management South Africa, Neil Schloss
The development reflects Growthpoint’s commitment to environmental, social, and governance (ESG) principles, with features such as post-tension slabs, smart energy systems, and advanced sustainable building practices. The project will aim for at least a 4-Star Green Star rating from the Green Building Council of South Africa, furthering Growthpoint’s goal of achieving carbon neutrality by 2050.
Olympus Sandton is part of a broader strategy to unlock the value of Sandton’s prime real estate. Growthpoint’s investments in the area include the sale of its 151 on 5th building to a residential developer, addressing the rising demand for homes in Sandton Central. Additionally, the company is rolling out its e-co2 green energy solution, which will provide renewable electricity to tenants in 10 Sandton office buildings by mid-2025.
The mixed-use model of Olympus Sandton offers some environmental benefits too, reducing private vehicle travel and fostering a pedestrian-friendly environment.
Pedestrianised precincts like Olympus Sandton reduce carbon emissions and enhance urban living. This development is a major step toward realising our vision for Sandton Summit as a sustainable and vibrant urban community.
// Growthpoint’s Head of Asset Management South Africa, Neil Schloss
Olympus Sandton is set to further cement Sandton’s reputation as a global business and lifestyle destination.
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