Why the ‘affordable living’ Wedgewood project in Sandton was canned.

Listed property group, Balwin Properties, has provided further clarification around its decision to cancel its R1.6 billion Wedgewood apartment building – which aimed to bring affordable units to Sandton.

The 20-storey development officially launched sales in November 2020, with plans for construction to start on 1 April.

However, on 22 April Balwin confirmed it would not be moving ahead with the project, citing unspecified risks.

(Source: BusinessTech, 2021)

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