Growthpoint Launches R2 Billion Olympus Sandton Mixed-Use Development

Sandton Central, the beating heart of Africa’s financial district, is set to undergo a major transformation with Growthpoint Properties’ announcement of the R2 billion Olympus Sandton development.

Partnering with luxury residential developer Tricolt, Growthpoint aims to deliver a state-of-the-art mixed-use precinct that combines residential, retail, and lifestyle amenities, redefining urban living in Sandton.

A Vision for Sandton’s Future

Situated within the Sandton Summit precinct, near the Discovery Head Office at the intersection of Rivonia Road and Sandton Drive, Olympus Sandton marks Growthpoint’s bold move into meeting the increasing demand for residential property in the area.

The project comprises two striking towers, with the first phase featuring:

• A 26-storey residential tower.
• A high-end dining venue by Marble Hospitality Group on an upper floor.
• A Pantry convenience store in prime retail space at ground level.

The second phase will introduce a 16-storey tower, enhancing the precinct’s skyline.

Luxurious Living in Sandton

More than 400 residential apartments will be available, with prices starting from R1.49 million. Sales by Tricolt have already begun, with a public launch slated for February 27, 2025.

Once completed, Olympus Sandton will boast:

• Unparalleled views of Johannesburg, as it becomes the highest building on Sandton Ridge.
• Modern, sustainable designs incorporating smart energy systems and post-tension slabs, aligning with Growthpoint’s 2050 carbon-neutral goal.
• Walkable, pedestrian-friendly environments reducing traffic congestion and emissions.

The Rebirth of Sandton

Sandton Central is experiencing a renaissance. After years of corporate downsizing, the area is witnessing a resurgence as businesses reinstate and expand office spaces.

Growthpoint’s Head of Asset Management, Neil Schloss, highlighted the development’s alignment with Sandton’s evolving trends:

“People want to live closer to workplaces and amenities, enjoying a vibrant neighborhood. Olympus Sandton offers an exceptional mix of residential, office, and retail spaces.”

This transformation underscores Sandton’s transition from being merely Africa’s financial hub to a fully integrated urban neighborhood.

Sustainability and Legacy

The Olympus Sandton development is part of Growthpoint’s commitment to sustainability, following the company’s success with iconic projects like the V&A Waterfront.

By emphasizing eco-friendly practices and creating pedestrianized, mixed-use precincts, Growthpoint continues to align its developments with modern urban living and environmental stewardship.

The Olympus Sandton development is more than just a real estate project; it is a vision for the future of Sandton Central. By blending sustainability, luxury, and convenience, Growthpoint and Tricolt are setting a new standard for urban living in South Africa.

This bold initiative reaffirms Sandton’s status as a premier destination for business and lifestyle.

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