Cape Town - A new, swanky residential flats project was unveiled last night.
The Yacht Club, which is a prestigious mixed-use property, includes 170 luxury residential flats, 6 000m2 of premium-grade office space spanning two levels and Africa’s first AC Hotel by Marriott.
“Urban precincts such as The Yacht Club and Harbour Arch typify a growing worldwide trend evident in the likes of Canary Wharf in London, Hudson Yards in New York and Darling Harbour in Sydney,” said James Wilson, chief executive of the Amdec Group.
Valued at R1.5 billion, the group acquired the 11816m2 strip of land on the Cape Town foreshore in 2015.
The scheme was launched in September of that year, sold out in 14 months and construction was completed within an impressive two-year period.