Project Progress April 2017
Illovo Point is a 15 750 m² office and retail development currently under construction on the highest part of Illovo, Johannesburg. It commands majestic views over Sandton and the City. This development was sold out in FWJK’s Co-Development at Cost methodology to both end users and speculators who were drawn in by the significant discount to market prices which this project offered. The selling price of R24 950/ m² excluding VAT compared well with current profit-driven developer sectional title selling prices in excess of R35 000/ m². Illovo Point’s striking architecture and high quality finishes will ensure another fine investment for FWJK’s investor base.