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New R850 million ‘neighbourhood’ coming to South Africa | SA News

Malcolm Libera
 ·5 Dec 2025

Major property developers Pareto and Divercity Urban Property Group have started a project to turn offices in Menlyn Office Park into residential apartments.

The R850 million development shows how sharply demand has shifted in South Africa’s property market towards residential opportunities.

Office space in many areas continues to sit empty, while interest in well-located rental housing keeps growing.

Instead of trying to revive old office blocks, the developers are choosing to convert them into apartments that can meet this…

The New Age: A newspaper that aimed to provide a fresh perspective on news but
ceased publication in 2018.

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  2. Fun South African Fact: Table Mountain in Cape Town is believed to be one of the oldest mountains in the world and one of the planet’s 12 main energy centres, radiating magnetic, electric or spiritual energy.