Musa Group invests in Lehae affordable housing project
Word count: 205
Musa’s Housing platform, the Skyward Group, and its partners has invested R50m in a township called Lehae, situated in the South of Johannesburg.
Musa’s Housing platform, the Skyward Group, and its partners has invested R50m in a township called Lehae, situated in the South of Johannesburg.
Last month, a team from the Unemployment Insurance Fund (UIF) and the Compensation Fund (CF) visited the development site to view the project which will see up to 2,000 homes built over the coming years.
Currently in its first phase, with over 400 houses scheduled to be built, the team witnessed yet another successful partnership between UIF, CF and its stakeholders, as Skyward continues to pursue the goal of delivering quality housing and provide sustainable returns to its investors.
Lehae is one of Gauteng's newest and most promising suburbs, located next to Lenasia and about 20-minutes by road from Johannesburg.
Lehae is close to several major roads, including the Golden Highway and the N1.
Facilities like schools, crèches, churches, a business node, a local economic hub and an agricultural training college are also planned for Lehae, working with the development's partners - the Gauteng departments of education, sports and recreation, housing, local government and health.
Musa Group said that “opportunities exist in this space for more work to be done in order to accelerate delivery of quality affordable housing”.