The Cosmopolitan Projects and Central Development Group
Residential Developer in Gauteng
Gauteng's largest residential developer in our market segments.
We've been in business since 1992.
More than 69 000 units successfully developed to date.
The Cosmopolitan Projects and Central Developments Property Group has been developing residential property for almost 30 years. Through constant innovation, attention to every detail in the development process, and a strong focus on quality and value for money, the group has firmly established itself as the market leader in South Africa’s residential development sector.
We specialise in affordable housing, rental complexes, secure lifestyle estates, serviced stands and retirement estates, but we have also ventured into industrial development, self-storage and affordable independent schools.
The group’s success is largely based on three cornerstones: turnkey development, marketing and innovation.
Our holistic, turnkey approach to property development enables us to directly control the entire value chain of our developments. This ensures low to zero development risk, a top-quality product and, since there are no middle-men, we save money which means we can offer our client the best prices in the market.
We do everything in the development process from start to finish ourselves. We procure prime development land, do market research and product development, secure development funding and oversee the town planning and services process. We also do the project management, construction, marketing, administration and finances, as well as the rental and property management in-house.
The second cornerstone of the group’s success has always been our very strong marketing orientation, which is why we do all our marketing ourselves. We believe that if you can’t sell it, you can’t develop it. The majority of our 1 000+ employees are therefore involved in marketing.
Lastly we are constantly striving to set new standards and enhance our product offering to our clients through innovative ideas. For example, with our technology partners we are now supplying fibre optic internet connections to all the houses and apartments we build. We have also partnered with the Green Building Council of South Africa to register future retirement projects for Excellence in Design for Greater Efficiency – or EDGE – certifications. This means that our houses will be built to be at least 20% more energy efficient than the norm.
Established in 1992, Cosmopolitan Projects is South Africa’s market leader in affordable housing and has delivered more than 38 000 houses to date. Today it has offices and developments throughout Gauteng and continues to provide quality affordable housing – currently at a rate of 3 000 houses per year – for the lower to middle-income groups in particular.
Mega projects such as Sky City near Alberton, comprising 17 400 houses and apartments, and Lion Pride near Fourways comprising 4 400 houses and apartments, have lead to Cosmopolitan Projects taking a more holistic and sustainable approach to property development. These developments therefore also include amenities such as shops, schools, churches, public transport facilities and recreation facilities like play parks and jogging trails.
Established in 2002, Central Developments has delivered more than 31 000 units to date – also at a current rate of about 3 000 per year – with a proud tradition of delivering quality developments to the middle to high-income market.
Central Developments focusses on developments in niche areas including rental complexes, secure lifestyle estates, and retirement estates all with superb lifestyle facilities. They have also added self-storage facilities and serviced stands to their product portfolio.
Special attention is paid to ensure that these properties deliver above average returns on investment which makes them prime investments for those interested in property investment.