September 14, 2024 – Devco Pioneers New Property Investment Opportunities in the Western Cape
Devco is at the forefront of property development in the Western Cape, launching several major projects and gearing up to introduce digital investment platforms by the end of 2024. These platforms will simplify and democratize property investment, broadening access for a wider audience.
In tandem with these initiatives, the construction of the Cape Winelands Airport is set to reshape the property landscape, unlocking new avenues for growth and opportunity in the region.
Cape Winelands Airport: A Catalyst for Property Investment Growth
The Western Cape stands on the brink of a transportation revolution with the upcoming Cape Winelands Airport, a R7 billion (approximately $392 million) private investment project spearheaded by RSA Aero. Located between Paarl and Bellville, this new international airport is scheduled to open in 2027, significantly enhancing the region’s accessibility and air travel capacity.
Boasting a projected annual passenger capacity of 1.1 million and a 3.5-kilometer runway designed for wide-body aircraft, the airport will accommodate both local and international flights. Additional features, including a state-of-the-art terminal, cargo facilities, a hotel, and a heliport, will further elevate the airport’s appeal, positioning it as a crucial gateway to the Western Cape.
Impact on Property Investment
The development of the Cape Winelands Airport is anticipated to trigger a substantial increase in property investment across the region. Enhanced accessibility and the convenience of a nearby international airport will make surrounding areas more attractive to investors, homeowners, and tourists alike. As demand rises, property values in the vicinity are likely to increase, creating lucrative opportunities for investors looking to capitalize on future growth.
Economic Boost and Job Creation
The airport project is poised to generate thousands of jobs during construction and after its completion, contributing to the region’s economic development. Its strategic location, just 13 km northeast of Durbanville, offers a safer and more convenient option for residents and tourists, further enhancing the appeal of investing in nearby properties.
Devco’s Role in Future Growth
Although Devco is not directly involved in the Cape Winelands Airport development, the airport’s arrival aligns with the company’s broader vision of expanding property investment opportunities in the Western Cape. As the region prepares for increased infrastructure and accessibility, Devco’s digital platforms will empower investors to easily explore and invest in properties positioned to benefit from this growth.
By the close of 2024, Devco’s digital platforms will offer a streamlined approach to property investment, enabling investors to seize the opportunities that lie ahead as the Western Cape enters a new era of expansion and accessibility.
Stay tuned for more updates on Devco’s upcoming projects and how they can help you grow your investment portfolio in this exciting new chapter for the Western Cape.
The Cape Winelands Airport project is being driven by RSA Aero under the leadership of Nicholas Ferguson, a key figure in property development. This transformation is part of a broader vision to enhance aviation capacity and infrastructure in the region, with construction efforts focusing on expanding the existing runway, upgrading facilities, and establishing a strategic aviation hub near Cape Town, primarily backed by investor Rob Hersov. This project is expected to stimulate property investment due to improved accessibility and the airport’s proximity to the Cape Winelands.
For more information, contact us at marketing@devcogroup.co.za.
