SOWETO INVESTMENT CORPORATION (PTY) LTD
 
We offer real and permanent good to everyday people



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Pallaton™ Property Developers
REAL ESTATE DEVELOPMENT

Pallaton™  is our multifaceted r
eal estate development, or property development, business which encompasses activities that range from the renovation and re-leasing of existing buildings to the purchase of raw land and the sale of improved land or parcels to others. As developers we are the coordinators of the activities, converting ideas on paper into real property.  Though, real estate development is different from construction, we intend to also construct in selected areas. However, developing is the key word; we don't build ourselves. We buy the land, finance the deal, and then have the best construction companies build under bond at a fixed cost.

Our services include, but not limited to:

 



  • Purchasing the land
  • Financing real estate deals
  • Developing the building program and design
  • Obtaining the necessary public approval and financing
  • Building or hiring constuction companies to develop projects
  • Determining the marketing strategy; leasing and managing the property
  • Creating, controlling,  and orchestrating the process of development from the beginning to the ultimate sale of the property.
  • We take the greatest risk in the creation or renovation of real estate and receive the greatest rewards.
  • We work with many different counterparts along each step of this process, including architects, city planners, engineers, surveyors, inspectors, contractors, leasing agents and more. 


DurbanPoint

The real estate markets in some parts of Africa have become very profitable in recent years. South Africa property is one of the most interesting investments available today. South Africa is a stunning country with a well-developed infrastructure and every modern amenity available. Local and international developers are constantly seeking land for the development of leisure resorts, hotels, residential, and commercial buildings.

The projects

Africa currently has the world’s highest rate of urbanisation. It is anticipated that by 2050, the continent will be home to almost two billion people. These people will need homes, shopping malls and offices to work from. The bulk of Pallaton’s developments will be in the commercial real-estate sector, retail real-estate, industrial property, hospitality, and residential property. We choose to invest in real estate opportunities in Africa where investment flows and broad-based economic growth is most lucrative. We target segments where the supply shortage is most severe, including but not limited to retail infrastructure, high-grade office space, warehousing, and logistics.

We only partner with the highest quality contractors, leasing agents and service providers to ensure we minimise risk and maximise risk-adjusted return potential.

Projects in the pipeline

LAGOS CITY Mall – Nigeria

Country: Lagos, Nigeria
Sector: Retail
Total Project Cost: TBD
Pallaton Investment: 60%
Commencement date: TBD
Completion date: TBD

The ultra-modern mall will be developed in Lagos as only one of three western-standard shopping centres in Nigeria. It will be located on 5 ha in Lagos, Nigeria; it offers tenants 22 650m² retail and entertainment space. The mall will be anchored by a Supermarket latest generation store, Cinemas, and the most comprehensive food and entertainment facility yet available in Lagos. The rest of the mall is occupied by 30 line stores, banks, cafés, bars, restaurants, hairdressing and beauty salons. It is expected to attract an average of more than 125 000 visitors a week. 

Lagos City
Size: 20,650m²
Catchment Population: 4 million
Anchor Tenants: TBD


 Residential Property

 Pallaton House – Angola

Country: Luanda, Angola
Sector: Office/Retail
Total Project Cost: TBD
Pallaton Investment: 80%
Commitment date:
Completion date:

Pallaton House is an A-grade office building in a prime location in the Airport precinct in Luanda, Angola. Once completed, the building will offer tenants high-grade office (80%) and retail (20%) space within proximity to the International Airport, access to main highways, upmarket residential areas and shopping centers. Pallaton House will be a mixed-used scheme, situated on 5 000m² of land, offering tenants:

  • Ground floor retail space (3,000m²)
  • Eight floors of A-grade offices (14,000m²)
  • On grade parking (50 bays)
  • Two floors of basement parking (300 bays)

Bulk earthworks will commence in a couple of years. A lease agreement with the anchor tenant will be signed early next year and all the necessary statutory approvals are currently being negotiated.

Pallaton House
Size (GLA): 15 330m²
Anchor Tenant: TBD


 

Pallaton Financial Centre - Tanzania


Country: Dar es Salaam, Tanzania
Sector: Office/Retail
Total Project Cost: US$56m
Pallaton Ownership: 90%
Commitment Dat: TBD
Completion Date: TBD

The Pallaton Financial Centre will be strategically located in the financial hub of downtown Dar es Salaam – offering future tenants secure office space with A-grade finishes, state-of-the-art IT infrastructure and superior amenities. The Centre will be within walking distance of basic services such as hotels and restaurants and is situated approximately 20km from the International Airport.

The Centre will offer 15,500m² prime office space, covered by:

  • Ground floor retail bank
  • Additional ground floor retail space (300m²)
  • Nine floors of A-grade offices (12,500m²)
  • Parking (350 bays)

The Centre is designed to meet international standard health and safety requirements and will offer tenants value-added safety and security benefits. Bulk earthworks for phase I of the development will begin within two years. A second phase will be added above the parking podium to the west of the inaugural tower block – offering tenants an extra 4,000m2 of office space should the first phase of the development be insufficient for the demand for the high quality office space.

The Centre will have interchangeable floor configurations to suit a combined tenant profile of enterprises in the financial services, banking and retail industries.

Pallaton Financial Center
Size (GLA): 15,500m²
Anchor Tenant: TBD


 Pallaton Towers - Soweto, South Africa

Country: Soweto, South Africa
Sector: Commercial
Total  Project Cost: TBD
Pallaton Ownership: 100%
Commitment Dat: TBD
Completion Date: TBD

Pallaton Towers will be an A-grade commercial building in Diepkloof, Soweto (one of the most exclusive addresses), comprising two towers and a total of approximately 25 500m2 lettable office space. 

A number of key milestones have been achieved so far, including the drafting and execution of key transactions documents; however, we are still seeking regulatory approval for the project and the land lease.

Pallaton Towers
Size (GLA): 25 500m²
Anchor Tenant: Soweto Investment Corporation (Pty) Ltd


 El Dorado Hotel™

The El Dorado hotel™ in Soweto will be the flagship for the brand; it wll be the first one to open.  El Dorado will have more locations in Pretoria, Cape Town, Durban,, Bloemfontein, Port Elizabeth, Dar es Salaam, Maseru, Luanda, and Maputo as early as 2018; construction on the planned first El Dorado hotel will begin in 2015.


Hotels

  • EL Dorado - 5 Star
  • EL Dorado Inn - 4 Star 
  • EL Dorado Lodge - 3 Star
  • EL Dorado Express - 2 Star




3. Pallaton Shopping Malls

Precast Concrete

Precast concrete is the preferred building medium for multi-storey  superstructures in much of the world. In fact in Europe today, 90% of building superstructures comprise precast concrete with only 10% being cast in-situ.

In South Africa the reverse applies. Precast concrete is regarded as an alternative system while 90% of the concrete used on local building construction is still cast in-situ.

This results in buildings which are far more costly and time consuming to erect, to the detriment of property developers and the consumer. We intend to use precast concrete for building Skyscrapers.

In Europe building with precast elements is the default system and is incorporated into the design at the outset.

In South Africa when hollow-core slab flooring and other precast elements such as beams and columns are actually used, they are specified by the construction engineer after the architects’ plans have been drawn.

Only very rarely is precast built into architects’ designs at the outset, which means that when hollow-core slabs are specified by the engineer, the plans must be returned to the architect and amended, and this of course adds to the overall cost.

     European standards adopted locally

In order to accommodate South Africa’s switch to precast construction, local precast companies are adopting European standards, as are several construction-related engineering practices.

Euro codes for precast concrete are far more detailed than local codes and provide extensive and very detailed guidance, especially on hollow-core slabs. By contrast, the local standard for the suspended precast slab is very basic. For example, it doesn’t cover durability properties and thermal values are not well described. Nor are U values and sound transmission values.

For these and other reasons local construction professionals are turning to European standards and specifications for precast concrete in their quest to build better buildings more efficiently.