ENCHA AND ITS PARTNERS DELIVER R120M MEGA HEAD OFFICE DEVELOPMENT
Co-owners and joint venture developers Encha Properties, Crowie Developments and Nthoese Developments have recently completed the development of The Mpumalanga Economic Growth Agency’s (MEGA) new headquarters.
MEGA is the official development finance institution and the trade and investment promotion arm of the Provincial Government of Mpumalanga.
MEGA will take occupation of its new headquarters on 01 July 2022.
The building is in the sought-after Riverside Boulevard Government Precinct, which is well known for its accessibility and world-class infrastructure The property is conveniently located adjacent to the Riverside Mall.
The new building was designed with simplicity and class in mind, which resulted in an attractive, modern, 6 055m² of quality workspace.
Encha, Crowie and Nthwese invested R120 million rands towards the development and the extensive roadworks upgrade in the area.
Approximately 350 jobs were created during the construction phase.
Botlhale Moseneke, Head of Developments at Encha Group:
“We’re ecstatic to have created a new home for MEGA. The new building supports the functioning of the organisation and its people in a welcoming and elegant workspace. This project has seen its fair share of challenges due to COVID-19 lockdown., however through patience and strategic thinking, we are pleased to add a new prominent landmark to the Riverside skyline”.
Tiego Moseneke, Chairman at Encha Group:
“Our team has proven time and time again its ability to deliver on private and public projects without even a whiff of impropriety. We must also congratulate the leadership team at Mega for working with our team in the most open, transparent, ethical and professional manner. We can rediscover our good selves as a country.”.
Sedise Moseneke, CEO of Encha Group:
“Our partnership model aimed at providing world-class developments to the state and private sectors, by combining our joint skills set with Crowie Developments and Nthwese has proven to be a winning formula. It makes us proud to deliver a development of this quality even during such challenging times in the sector. Congratulations to the team at MEGA and the project team.”.
The new offices will be managed by Encha Property Services, the property management subsidiary of Encha Properties. www.enchaprops.co.za
About Encha Developments
Encha is a real estate investment and development management company. The company focuses on bespoke commercial, retail and purpose-built student accommodation (PBSA) in townships and peri-urban areas. If you seek a development or redevelopment and co-investment partner for commercial, township and peril- urban retail, student accommodation and bespoke developments, call Botlhale Moseneke on +27 11 312 2223 (W), mobile +27 (79) 254 6988 or email BotlhaleM@encha.co.za
About Crowie Developments
Crowie Projects was formed in 2000. Initially conceived to serve as a Project Management Consultancy, the year 2002 saw Crowie Projects restructured into a dedicated Property Development Company. Crowie Projects offers its clients turnkey solutions for all their property needs. The company specialises in identifying property opportunities, unlocking the value within such properties, and finally, realising its client's vision.
About Nthoese Developments
Nthoese Developments is a black-owned property development and management company that was formed in 1993. The company has developed a formidable track record within the South African property investment and development industry with expertise spanning across a range of sectors which include retail, offices, and residential. Nthoese owns a property portfolio of dominant retail malls anchored by national retailers in non-metropolitan areas and government- tenanted office buildings in Gauteng and Mpumalanga Province. Nthoese’s strong and sustained footprint within the property development and investment industry is underpinned by a strong balance sheet and strategic relationships particularly with South African financial institutions and various industry stakeholders.