October 2012 - Trademax Publications

public -private partnershipsMinister Tokyo Sexwale launchesunique housing development -Investors take noteOne of South Africa’s top affordable housing developments, the FleurhofIntegrated Human Settlement Development in Florida, Gauteng, wasofficially launched by Human Settlements Minister Tokyo Sexwale.Fleurhof has been recognised as a prime example ofthe social impact that successful collaborationbetween private and public partners can make,while it has already attracted the attention of theinternational investment community. The R2.8 billionproject, started in 2009, will ultimately include more than8 000 low-and-middle income housing units, eight nurseryschools, five schools, numerous community gardens andplay areas, and several business and industrial areas.The project is a joint venture between global privateequity funder International Housing Solutions (IHS) andCalgro M3, a listed development company. The project hasalso benefitted from significant input by and collaborationbetween the developer partners and the Department ofHuman Settlements along with the City of Johannesburg.IHS Managing Partner, Rob Wesselo, says the company wasparticularly proud of the Fleurhof project, as it not onlyprovided quality housing in line with the IHS philosophy offunding the communities of the future, but also served asa prime example of the potential of the sector, which wasbound to attract significant international investmentinterest.“Fleurhof has made a social impact, in employing morethan 1000 skilled and unskilled local workers, and it willcontinue to create a lasting social legacy as a result of theproactive inclusion of schools, business hubs andcommunity centres in the development blueprint.”32OCTOBER 2012