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Rainbow junction
Rainbow Junction is a development project in the Tshwane municipality, in Pretoria, South Africa. The development, having been evolved over a number of years comprises plans for a mixed-use development of some 550,000m2 of commercial property developments over 140 hectare greenfield site. This project presents itself as a new Urban Core in the northern parts of the city - The New Business Gateway to Africa. The implementation of this unique property development will be phased over a period in accordance with a specific designed and developed roll-out strategy, and planned infrastructure solutions in support of the area known as the "Zone of Choice" within Pretoria.
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For the latest information go to the Rainbow Junction Website www.rainbowjunction.co.za
Brief project History - pre 2007
Originally planned as a mixed used development supporting a planned sports complex comprising a 41,000 seat stadium and an attached indoor sports arena it was to be used as a match venue for the 2010 FIFA World Cup finals. In 2005, it was reported that no public funding had been set aside for the project and that the Tshwane municipality was seeking private financing to complete the stadium and associated infrastructure. Originally planned for completion in June 2007, the site was downgraded to be used as a training, rather than a match venue for the World Cup.
After FIFA decided not to use the proposed stadium at all, selecting Loftus Versfeld Stadium in its place, the development was amended. The new development proposal, covering over 70 hectares, comprises eight phased development areas. Construction is expected to be phased in over 10 to 15 years commencing mid-2012.
The real estate rainbow junction
