The first man-made lagoon in Africa will open in Pretoria East in September.
Stephen Brookes, the entrepreneur behind sectional title developer Balwin Properties, said he and his backers had invested R100m to develop a lagoon, clubhouse and other amenities to complement Balwinâ€™s The Blyde in Riverwalk Estate development.
The Blyde estate contains 3,600 units. The total Riverwalk development has been planned to contain 6,960 units.
The lagoon was developed in conjunction with Crystal Lagoons, an international lagoon technology group.
Brookes said that the lagoon showcased Crystal Lagoonsâ€™s unique technology, which was patented in 190 countries and â€œhad revolutionised the global real estate market by bringing idyllic beach paradises to new locations, where swimming, kayaking, paddle boarding and sailing can be enjoyedâ€.
Alastair Sinclair, regional director for Africa at Crystal Lagoons, said: â€œThis lagoon is 1.5ha large, which is equivalent to just over two rugby fields.
â€œIt becomes a key selling point for Balwin. We believe customers will be attracted by the only lagoon in Pretoria.â€
â€œWe ... foresee this as the first of at least six lagoons in SA combined with the Balwin brand,â€ he said.
Sinclair said Balwin developments appealed to couples investing in their first home, retired people looking for safe lock-up-and-go apartments and also young families and other investors who were attracted by the return on investment that the developments offered.