Mixed-use developments are attractive to investors because they offer a range of property types. This means it appeals to a broad range of people, which translates into outstanding value for investors – dependable rentals, strong pricing, good returns.
Offices, apartments, shops, hotels… they co-exist in integrated and interconnected ways that offer the modern lifestyle that so many people are after nowadays. Investors have a choice of putting their money into a single type of property, or diversifying their portfolio. If a mixed-use development is well run and well managed, it offers a further incentive to add to the portfolio because investors have the peace of mind that their investments are in safe hands.
Mixed-use properties are busy all day long. This makes them easier to secure and therefore safer. It also means they’re more cost- and energy-efficient to run because there are rarely areas that aren’t in use and many parts are multipurpose and multi-functional. They also offer a lifestyle that has become highly sought after because they are 24/7 environments, but without the restless, edgy energy of a city that never sleeps.
This attracts people who are keen to escape the exhausting pace and relentless pressure of having to be on the go all the time. With so many of a person’s daily needs being met in a mixed-use development, there’s no need to commute, sit in traffic or in many cases even own a car. During the day, they can work, shop, meet colleagues or clients for coffee or lunch, go to the gym, take a walk or go for a run… all while feeling completely safe. After hours, residential apartments are teeming with life, restaurants and hotels are busy and shops doing a brisk trade.
The fact that mixed-use property has largely managed to thrive despite challenging local economic conditions instils tremendous confidence in investors, both local and international. Also because international investors look to their local counterparts to gauge sentiment, measure confidence in the market and mitigate risk.
This is why large-scale projects like those undertaken by the Amdec Group are so significant. Not only do they create jobs and opportunities, but crucially also demonstrate faith and optimism in relation to the future of the country. This, in turn, translates to the positive sentiment local and international investors are after.
The group’s thriving mixed-use precinct like Melrose Arch in Johannesburg is a prime example of the type of development that instils this kind of confidence. Owning property here, for example at One on Whiteley, puts purchasers in prime position to capitalise on an asset that has every chance of consistently increasing in value over time.
