It’s not just the low interest rate that’s driven continued demand for Tricolt developments. Buyers are looking for quality apartments with hotel-style amenities that offer consistent capital growth – and that’s why investors keep coming back for more
As the developers behind Tree Tops Houghton, Ellipse Waterfall, Brookfield at Royal, Eye of Africa in the South of Joburg, Serengeti Estates, The Houghton and the soon-to-be-launched One Rosebank, Tricolt’s developments cover a wide spectrum of areas in and around Johannesburg. However, despite their varied locations, there’s a common thread running through them that has enforced the company’s strong reputation. “Quality design creates properties of lasting value, provides great places to live and builds positive brand equity for our clients,” says Tim Kloeck, CEO of Tricolt.
“We never launch an average product,” says Kloeck. “They’re all of exceptional quality, in convenient locations, with beautiful settings and views. While they are each unique, they are strategically positioned to not only deliver good returns to investors but also enjoy solid, consistent capital growth.” He says that Tricolt as an entity is in the envious position of having its own following, with investors tapping into their collective vision across offerings and not just in individual developments. “The demand is there for us – across the board,” says Kloeck. “We’re seeing buyers coming into our sales centre and not just buying a unit in one property, but in our others as well. That’s down to the return on investment they’ve experienced.”
Live work and play
Tricolt delivers an average of 400-500 units per year, but it’s not just the well-designed, well-appointed apartments that draw buyers. Its developments are packed full of amenities. From restaurants, delis and clubhouses to gyms, lagoon and lap pools and play areas, careful thought has been paid to how South Africans want to live, work and play. “They want to be able to safely spend time outside, and entertain clients and friends in hotel-style restaurants, bars and clubhouses,” says Kloeck.
Looking to the future
The developer has just handed over the first 240 apartments in its Ellipse Waterfall development and has had an outstanding response from new owners. They’re not resting on their laurels yet, though. The latest Tricolt project One Rosebank will add 600 apartments to the trendy Johannesburg suburb of Rosebank and is well-positioned close to the area’s shopping district. Amenities play a huge part in the offering, says Kloeck. “Small apartments need serious amenities, so we’ve planned to add a Sky Bar, pool, clubhouse, gym and business centre, as well as e-bikes on street level. It’s a new development that I’m incredibly excited about!”
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