Divercity owns a R3bn property portfolio. Our current residential property portfolio consists of 6500+ affordable rental apartments, with complimentary office, retail, and educational space. Our properties are located within the urban cores of major metropolitan areas in South Africa.
Key developments in Johannesburg include the 30-storey Towers Main in the heart of the Absa Precinct and Jewel City, which spans six city blocks and offers unmatched urban amenities in the CBD. We invest substantially in these areas to offer essential social amenities such as childcare, education, healthcare, sport facilities and public recreational spaces.
JEWEL CITY PRECINCT
R750 million capital value
The Jewel City Precinct is an extension of the existing Maboneng Precinct located in Johannesburg CBD, bordered by Commissioner and Main Streets, Berea Road and Joe Slovo Drive made up of six existing blocks.
Divercity’s redevelopment has converted Jewel City into the heart of a thriving, modern neighbourhood, and is reviving inner-city living.
At a glance:
- Mixed-use precinct spanning six city blocks
- 1200 apartments in Phase 1 and 17 000m2 of office GLA
- 10 000m2 of national retail anchors: supermarket, pharmacy and gym
- Amenities: school, day clinic, sport facilities, new urban park and pedestrian walkway
6500+ affordable rental apartments
Managed by Ithemba Property – a wholly owned subsidiary of Divercity, with a 20-year track record of management excellence. We have over 6500+ affordably priced apartments in well-located areas in Johannesburg CBD, Maboneng, Berea and Pretoria.
Our lock-up-and-go flats combine sustainable living and convenience, through access to amenities.
At a glance:
- Biometric Access
- Live in building managers
- 24/7 Security
Beyond our residential offering, through providing commercial and retail spaces, we ensure a vibrant mix of uses and activities, always with excellent access to public transport. Notable commercial assets in our portfolio include the iconic Turbine Hall in Newtown (home to the Office of the Premier of Gauteng), and Talis House in Marshalltown, which houses the Gauteng Department of Education. On the retail front, the fund owns Sterland in Sunnyside, Pretoria.
R450 million capital value
A new vision for a landmark 30-storey structure – one of Johannesburg’s 10 tallest buildings – converted to create a residential space, as well as a main piazza area to benefit tenants and the surrounding community.
This project has set a standard for the redevelopment of corporate buildings in the city centre, with its unique focus on combining commercial buildings with affordable residential space to create inclusive and diverse neighbourhoods.
At a glance:
- Mixed-use scheme with 519 residential units
- 10 000m2 of office space leased to Absa Group and +-500m2 retail and creche
- Ground floor retail coffee shop
- Childcare facilities and landscaped urban park