Luxury living in new R750m Bantry Bay development

AURUM, a R750 million high-end luxury residential property development in Bantry Bay, Cape Town, is being developed by Da’Realty, the investment subsidiary of Darvesh.

Units at the AURUM Luxury Suites are priced from R11.9 million, plus VAT, while the penthouse unit is in the R35 million and up range.

This is according to Company President, Mr Ahsan Hassan Darvesh, who says the launch of AURUM is setting a brand new standard within the luxury sector of the property market,

"When business and values combine, the foundation for success is laid for generations to come," he says.

AURUM, the first of many of the projects planned under Da’Realty's umbrella, is located on the Atlantic Seaboard, says Darvesh.

He says the exclusive suburb of Bantry Bay, which is strategically situated within close proximity to the Cape Town CBD, V&A Waterfront and surrounds, offers excellent wind shelter from the Cape Town South Easter and spectacular views over the Atlantic Ocean.

It has also for long been the place of choice for affluent property investors, local and foreign alike, says Darvesh.

The two sites for the AURUM Bantry Bay development were previously the homes of the iconic Ambassador Hotel and Ambassador Suites, which neighbour each other on opposite sides ofVictoria Road.

AURUM is an exclusive dual location development nestled at the foot of the northern slope of the scenic Lion's Head Mountain, and perched over the breathtaking Bantry Bay coastline.

The two sites are set to be transformed into The AURUM Luxury Suites, comprising 15 luxury suites on the mountain side of the road, and 8 exclusive uber-luxurious suites, with direct lift access to one unit per floor, making up the AURUM Presidential Suites offering, located on the ocean side of Victoria Road.

Darvesh says Da’Realty's exclusive corporate design guidelines are based on the incorporation of natural elements like water, sun, light and earth into the conceptualisation and design of the AURUM development. The metallic element gold derives its chemical symbol Au from the Latin word Aurum, meaning 'shining dawn".

Denis Fabian of Fabian Architects, and Lauren Bolus Kuschke, the founding Partner of Make Architects & Interior Studio, have been appointed as the prime architects on the AURUM project, commissioned with the mandate to incorporate and translate the brand fundamentals into the development, says Darvesh.

Darvesh says stylish interiors, crafted around a neutral colour palette, combined with the highest quality imported materials and state-of-the-art Bang & Olufsen audio visual sound systems, are but a few of the many luxurious features of the development. The Developer and Architects of AURUM reserve their rights to make amendments to the design and plans of the development without claim or liability.

All units have been spaciously designed, with modern, open-plan, single level layouts.

Both the luxury suites and presidential suites will boast opulent 500-plus and 700-plus square metre signature penthouse units respectively, fitted with exclusive designer detailing by renowned Italian luxury brands Fendi Casa, Armani Casa and Armani Dada, the first of its kind in the South African developer offering, setting a new benchmark in designer luxury.

Darvesh says stylish interiors, crafted around a neutral colour palette, combined with the highest quality imported materials and state-of-the-art Bang & Olufsen audio visual sound, systems are but a few of the many luxurious features of the development.

Each suite will also have ample underground parking.

“AURUM is here to offer to connoisseurs true luxury that speaks of understated class and elegance."

Darvesh draws on his extensive experience and career background of over 13 years as Director of 'Elegant Industries', a Darvesh subsidiary, which designs and supplies luxury brands such as Chanel, Yves Saint Laurent, Tom Ford and Christian Dior, with state-of-the-art architectural in-store counters.

“Da'Realty is focused on its vision of creating a true luxury residential brand with the highest standard of elegance across South Africa, offering the owners and investors of their developments maximised returns on all levels".

Chrystalla Mammous, Da'Realty General Manager for Marketing, says the current climate in the residential property market indicates that there is a demand for quality luxury investment options in Cape Town and along the Seaboard.

“Da'Realty envisions bringing a superior product to market. The recent depreciation of the rand against foreign currencies also makes this period particularly favourable for foreign investors to secure their piece of Cape Town's idyllic coastal paradise, which remains competitively priced, in relation to other prime city markets around the world.”

She says the Atlantic Seaboard property market has consistently performed well, even in strained economic conditions, and there are few areas where capital growth returns are as sound.

“This particular calibre of product, in a desired scenic location such as Bantry Bay, along with Da’Realty's commitment to deliver premium luxury residential product makes for a very successful formula," says Mammous.

Units at the AURUM Luxury Suites are priced from R11.9 million, plus VAT, while the penthouse unit is in the range of R35 million and up.

Sales of the units are scheduled to commence in mid-September 2015 on an exclusive appointment-only basis. Interested parties can register online.