Ratanga Park: A new R100 million investment shaping Century City in Cape Town

Rabie Property Group is investing R100 million to develop Ratanga Park, a sprawling 16-hectare green space nestled within Century City, marking the latest and most substantial addition to the greater Bridgewater precinct.

This walkable neighbourhood, of which Ratanga Park forms the nucleus, offers proximity to an array of lifestyle amenities, including a growing list of five hotels, thirteen restaurants, three gyms, conferencing facilities and easy access to the Century City Arts Trail and the renowned Canal Walk Shopping Centre.

“The developments at Ratanga Park in Century City align with this principle. Here we integrate three essential components — green residential neighbourhoods, modern workplaces, and bustling shopping districts — into a convenient triangle, ensuring that residents have easy access to everything on their doorstep," said Mariska Auret, Director at Rabie Property Group.

The success of Rabie Property Group’s second residential offering at Ratanga Park, Nine Palms, underscores the demand for premium sectional title developments set within smart and secure precincts. Nine Palms launched in May 2022, and sold out in record time, with owners having moved in from December 2023.

The developer said that investors are already reaping rewards with premium two-bedroom, two-bathroom apartments comfortably attracting monthly rentals over R25,000. Entry level studios are attracting monthly rentals of R12,000 on unfurnished long-term leases.

Following this success, ON PARK, launched in 2023, is currently under construction and nestled between Century Boulevard and Ratanga Park. This circular building will comprise 125 apartments including studios, one-bedroom and two-bedroom units.

“Due to incredible investor and rental demand, we are launching a fourth residential development within Ratanga Park in the first half of 2024, named Park Place,” said Auret.

This development will include lifestyle amenities within the development itself, including a clubhouse and swimming pool. Residents will enjoy panoramic views over the park’s expansive waterbody.

Given the growing boom in demand for exclusive property opportunities within Ratanga Park and the demonstrated return on investment for investors and home occupiers alike, Rabie said it has taken the decision to retain all remaining sites set within the park for sectional title opportunities.

"As such, Oasis Life, the company’s established retirement option based on a Life Rights model, will launch later this year in Sunningdale, rather than proceeding at Ratanga Park. Auret said.

“This ensures we are poised to meet pent up demand for investment property within this established and growing mixed-use node.”

Junxion Park, a 12 000 square metre commercial development, will be built at the intersection of Century Boulevard and Slipstream Way and provide flexible office spaces and a restaurant, with Cipla having selected the development area as its new headquarters.