Akademia campus to boost Pretoria East property development
For example, says Schalekamp, a developer has bought land at the entrance to the campus and is developing a residential project, while other private student accommodation projects are being planned.
He receives calls daily from people looking for land on which to build student accommodation, but they do not realise that Akademia itself is building residences and that property development requires substantial capital, takes a long time, and is far from easy.‘Major impact on surrounding area’ expected Ben Espach, director of valuations at Rates Watch, says such a development will undoubtedly have a major impact on the surrounding area.
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