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)
Read more: https://businesstech.co.za/news/property/490897/why-the-affordable-living-wedgewood-project-in-sandton-was-canned/