New Development Aerial Empire Maboneng Precinct

New Development Aerial Empire Maboneng Precinct is a collection of six ervens and seven old buildings. Once home to hat making factories in the 1930’s and later Aerial Manufacturers, whom this building takes its name inspiration from, the buildings have today retained their industrial purpose. Propertuity acquired the building in 2013 and has developed the space into a mixed-use residential, retail and manufacturing opportunity for creatives.

New Development Aerial Empire Maboneng Precinct

The buildings of Aerial Empire are an eclectic combination of styles as the spaces organically grew together over time. This represents the nature of the different and unique uses within the buildings. In the redevelopment this diversity has been maintained and is the source of inspiration. The buildings facade has become an extension of the artists canvas where murals have been commissioned to fill the courtyard which forms the central communal space.

As a precinct, Maboneng offers you excellent return on your investment due to the incredible growth in rentals. Residential apartments in the Maboneng Precinct have achieved consistent price growth over the past 3 years, with medium-sized units showing the strongest initial growth.

With a limited supply of larger penthouse units and further development of small to mid-sized apartments, price growth per square meter was seen to be strongest in these 2 unit types; particularly the smaller units which are currently selling for just under R12,000 per square meter. However, as demand increases for larger units, these will likely be worth more per square meter in the long term. Indications are that growth will continue in the foreseeable future.

Read more on Aerial Empire and Maboneng Precinct

New Development Aerial Empire Maboneng Precinct

 

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