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Old May 31st, 2007, 12:40 AM   #1
Mosi-oa-Tunya
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# Triple Point - Mixed Use - 4F - East London

Name: Triple Point
Use: Mixed Use
Floors: 4
Status: Approved
Location: Beacon Bay, near East London














Triple Point development will be East Londons' largest private development to-date. Inspired by Melrose Arch in Johannesburg, Triple Point has taken the concept of mixed-use development to the next level.

Integrating residential, commercial and leisure facilities in one unique 12 hectare space.

Development by: Novate Property Investments in conjunction with construction giant Group 5 and ABSA home loans. Novate is a leading property developer in the Eastern Cape since 1992.

The development has excellent security with state-of-the-art security systems, including biometric fingerprint) access control, 24 hour personnel and concealed CCTV monitoring.

The site enjoys good views of the surrounding landscape as a result of the elevation of the land that it is built on. The development site overlooks the Quenera river and the surrounding natural indigenous plantation.

Evolvepro clients once again get a special package on all 1, 2 and 3 bedroomed units.

Buy an off plan unit NOW in this development due to complete in November 2008.
Only R8000 deposit for the 1 bedroom priced from around R649 000 (approx 54m2)
Only R10 000 deposit for the 2 bedroom units from around R 895 000 (approx 79m2)
Only R12 000 for the 3 bedroom unit from around R 1 045 000 (approx 97m2)

There are 3 separate apartment buildings, each has approximately 70 units in them (Moya is the name of the first building and is the first phase which we are launching now, Latitude and Esprit will be launched later)
The developers go onsite and start building within 6 months., so it is an empty (Greenfield) site right now. The subdivision plan and the rezoning for the individual nodes of the development are already approved.

We have been allocated 12 units which include one and two bedroom options and we can offer you the added benefit of being able to choose which unit you would prefer out of the entire block subject to availability.

Evolvepro have negotiated a special discount on them which equates to a rental assistance of R33 000.00 payable to you the investor at R2750.00 per month for 12 months from the date of transfer

Features
-1. Three stylishly designed apartment
-1. buildings - Moya, Latitude, Espirit
-1. Positioned for Quenera River views
-1. North facing
-1. 3 Lifts per apartment building
-1. State-of-the-art access control (biometric)
-1. High speed internet access
-1. Unique architectural features and trimmings
-1. Landscaped gardens
-1. Secure basement parking
-1. Private swimming pool for each apartment building
-1. Rustenburg granite kitchen counter-tops
Specifications
-1. 5-year structural guarantee
-1. DSTV ready (excl. decoder)
-1. White aluminium door frames and sliding doors
-1. Ceramic floor tiles for bathrooms
-1. Carpets or laminates for living area
-1. Designed melamine kitchen schemes
-1. Single lever mixers
-1. Bosch undercounter oven, hob
-1. Intercom system
-1. Covered patio
-1. CCTV
Optional extras
-1. Biometric keyless entry
-1. IP/SKYPE telephone
-1. Centrally controlled alarm system
-1. High-definition-ready TV installation
-1. Additional basement parking
Storage units (surfboards, mountain bikes, kite boards)

Last edited by Mosi-oa-Tunya; November 28th, 2007 at 06:30 PM.
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Old May 31st, 2007, 08:56 AM   #2
Durbsboi
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Not bad for the area. I like these kind of developments that have both multi storey complex's & individual units.
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Old May 31st, 2007, 06:33 PM   #3
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Cool!
I have a soft spot for Beacon Bay. That's where I grew up and most of the family still live.
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Old June 1st, 2007, 09:00 AM   #4
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My cousin lives in Gonubie, lovely area. So maybe I 'll get one here as a holiday home.
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Old November 28th, 2007, 06:33 PM   #5
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City’s first mixed used development to double in size

eProp News

28 Nov 2007 - Novate -

Intro

Novate Property Investments, developer of the Buffalo City’s first live-work-play development, Triple Point, has acquired 13 ha of adjoining land, doubling the size of the Beacon Bay project to 25 ha

The announcement means that the value of Triple Point will escalate from R750 million to close to R2 billion and that the development is of a size comparable to Johannesburg’s Melrose Arch.

Novate Property Investments’ strategic development manager Grant Wheatley says the newly acquired land, which has scenic views of the Quenera River, allows Novate to expand its offering in terms of retail, office and residential space. Currently, the development comprises three apartment complexes of 72 units each, 35 residential executive homes as well as 20,000 sqm of retail and office space and a 100 room four star hotel.

The land means new additions to the Triple Point development such as the development of a cultural node which is likely to include an intimate theatre where audiences will be entertained as well as enjoy a sumptuous meal.

Wheatley is also pursuing opportunities such as the establishment of an educational node where a campus, library and the like can be located. He is also keen to include services such as home affairs, a post office and police station, amongst others.

“While the expansion will bring about further economies of scale, the additional space will allow Triple Point to expand to its full potential as a mixed development,” Wheatley explains.

He says that Triple Point has the potential to become the city’s new CBD and financial hub, similar to Sandton in Johannesburg.

He bases this on partly the expansions of companies into the eastern part of the Eastern Cape and which are looking to base regional headquarters in East London.

“This is also affecting East London’s rental market which is booming and where rental returns continue to be lucrative. Regional head office growth will also spur further residential growth, as it has done in other cities,” he continues.

Currently, construction of the first apartment complex, Moya, is underway with residents likely to be in these apartments by Christmas next year. The development’s bulk infrastructure such as water, electricity and sewerage is also being constructed.

Furthermore, an announcement on the four star hotel is due during December with the construction of the hotel starting as early January 2008.

“A major catalyst for the development of Triple Point and Life Beacon Bay Hospital is the city’s commitment to putting much-needed infrastructure in the area. Hence, we are delighted that the municipality has announced the Quenera Road project is to go ahead.”
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Old December 13th, 2007, 10:05 PM   #6
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East London gets own Melrose Arch

12 Dec 2007 - Business Day -

Intro

East London’s planned Triple Point mixed-use precinct is modelled on Melrose Arch and will be close in scale to the renowned Johannesburg site.

East London's planned Triple Point mixed-use precinct is modelled on Melrose Arch and will be close in scale to the renowned Johannesburg site, but are there enough people and is the economy strong enough to make the development viable?
Novate Property Investments, the developers of Triple Point, certainly think East London can support a mixed-use development of its size over the medium to longer term as the city grows.

"We are seeing a lot of corporations wanting to set up their

The "aspirational" aspects of the development will also boost the site's prospects, say the developers.

Last week Novate announced the Triple Point development would effectively double in size after the acquisition of 13ha of adjoining land for an undisclosed amount. The size of the Beacon Bay project, the first of its kind in East London, will now increase to 25ha with the value of the project increasing from R750m to R2bn. The additional land was acquired after a "lot of interest from retailers and office developers" in the Triple Point project.

Wheatley says the development will be rolled out in phases with the initial 12ha of Triple Point being completed towards 2010. The remainder of the site should be completed by 2015.

As for support for Triple Point from the East London consumer, Wheatley says the "big thing with consumers in East London" is that they want to share in what the "people in Johannesburg are experiencing".

"They want to be seen in a high fashion environment where they can be seen to be succeeding in life. We are trying to create a stage for them."

He says research has shown that people in East London leave the city at the weekend to travel to Johannesburg for shopping and entertainment.

Property economist Erwin Rode, of Rode & Associates, believes a mixed-use precinct such as Triple Point "could work in East London", but it all depends on the specifics and if it is rolled out in "digestible phases".

Though the East London economy's prospects are not as good as Port Elizabeth's, this need not affect the project.

Rode says Port Elizabeth is "going quite well" in economic growth but there is a slowdown coinciding with the slowdown in the motor industry.

"But on the upside Coega will come to the rescue in sustaining economic growth."

East London is a different kettle of fish. "The only thing the two cities have in common is that East London also houses a major car manufacturer. But the prospects of East London's industrial development zone taking off seem poor compared with Coega."

Business Day
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