Sitari Country Estate partners with Evergreen Lifestyle Retirement Villages4th Feb 2019
This joint venture represents a partnership between two prominent South African property brands. Uvest Property Group is the master developer of Sitari and managers of the largest privately owned residential portfolio in the Western Cape. Evergreen Lifestyle is South Africa’s premier national retirement brand with a reputation for building and managing exceptional villages in some of the most beautiful parts of the country.
The Sitari Country Estate spans 192 hectares and offers a range of luxury and premium apartments, village homes and country homes, as well as signature and country plots. The expansive estate also boasts plentiful orchards, vineyards, trees, parks and herb gardens, and a 22-hectare wetland, interspersed with some of the finest contemporary rural architectural design.
“We created Sitari as a self-sufficient suburb which caters for a wide variety of lifestyle requirements. We always had a vision for a premium retirement component and we know that Evergreen Lifestyle, with their established track record, will further complement our unique property offering,” says Francois Smit, Chief Operating Officer of the Uvest Property Group
Evergreen Sitari is the eighth village in the Evergreen portfolio and underscores the company’s commitment towards providing the ultimate in retirement living. Thriving communities of happy, healthy retirees at their existing villages attest to the fact that the Evergreen Partnership for Life promise is true to its word.
Evergreen Sitari will be home to 500 properties, ranging from apartments to luxury free-standing homes. Professional healthcare is provided on-site and includes everything from home-based care to frail care. The first homes are scheduled to be released for sale in the first quarter of this year.
Evergreen Sitari will have its own dedicated entrance, facilities and amenities, including a fully-equipped Lifestyle and Care Centre, but residents will also have access to all that the larger Sitari Country estate has to offer.
The Evergreen Sitari aesthetic will be in line with the architecture of the broader Sitari Country Estate, designed by Hennie de Villiers Architects.
“Evergreen Sitari will have an identical architectural theme to the estate as a whole, reinventing the Cape Dutch vernacular that allows a free-flowing and harmonious atmosphere throughout the estate. Low walls ensure that every property becomes an extension of the greater estate and emphasise the aesthetic appeal,” says De Villiers.
“The percentage of South Africans over the age of 60 is set to double to 15.4% by 2050, according to the World Health Organization. The current market does not make provision for such a steep rise in demand. The Helderberg basin is a highly sought-after retirement location, but across the entire area there is a shortage of accommodation for seniors. We are therefore confident that there will be significant interest in Evergreen Sitari as retirees are increasingly looking for upmarket retirement accommodation – notably physical security, financial peace of mind, continuous care and a sense of community. Evergreen Sitari will proudly offer all of these, in abundance,” says Cobus Bedeker. Managing Director, Evergreen Property Investments.
Would-be owners are invited to register their interest at www.sitari.co.za or to email email@example.com to receive pre-release information that will put them at the front of the queue.
About Amdec Group
Evergreen Lifestyle is a subsidiary of the Amdec Group. Founded in 1989, this privately-owned property investment and development company has established a reputation as South Africa’s leading developer of New Urban lifestyles. It was founded upon a belief that there is a better way of living, working, relaxing and interacting. The group is active throughout South Africa, and in the United Kingdom and the USA.
About PSG Alpha Investments
In September 2017, PSG Alpha Investments acquired a 50% stake in Evergreen Lifestyle. PSG Alpha is a subsidiary of the JSE-listed PSG Group, which consists of underlying investments that operate across a diverse range of industries, including banking, education, financial services and food and related businesses, as well as early-stage investments in growth sectors. As part of PSG Group, PSG Alpha’s focus is to identify, invest in and grow high-growth-potential businesses.
Uvest Property Investments was formed in 2008 to serve as the central management company for the Group’s growing self-owned residential property portfolio. Given the increasing size of its portfolio, it consolidated and internalised all outsourced property and asset management services. The Group currently manages the single largest privately owned residential portfolio in the Western Cape, with a strong future development pipeline. Uvest Property Group also has strong credentials as a leading developer of affordable housing in the Western Cape.
About the Helderberg basin
Bordered by the majestic Hottentots-Holland and Helderberg Mountains, the area is located less than 50km east of Cape Town and includes the towns of Somerset West, Gordon’s Bay and Strand.
It offers residents the best of all worlds, with quick and easy access to some of the best leisure and lifestyle options anywhere in South Africa, including:
- The warm and placid waters of False Bay
- The Boland and all it has to offer by way of culture, food and wine
- The picturesque Overberg region
- A vast array of retail options
- Outdoor activities, including bird-watching and hiking