This project is being done by Tricolt, a luxury property development company. Tricolt is behind several high-end developments, such as the Houghtan Hotel, the Eye of Africa Gold Estate, and Stone Quarter.
Notable recent developments include Olympus Sandton and One Rosebank, luxury apartment buildings in key city nodes.
The group has a track record of more than 5,000 residences delivered, representing over R16 billion in value, and with R5 billion currently under construction. “Tricolt stands at the forefront of South Africa’s luxury real estate market,” the group said.
“From iconic addresses to masterfully crafted interiors and premium lifestyle amenities, every Tricolt development is designed to embody timeless elegance, comfort, and lasting value, raising the benchmark for modern luxury living.”
While most of Tricolt’s development have been located in Johannesburg, Cantabella marks a shift as its first project in the Western Cape.
“The Western Cape marks an exciting new chapter in Tricolt’s journey. For our discerning clients, many of them repeat investors and homeowners, Cape Town has long been a natural destination for Tricolt.”
Cape Town offers notable opportunities for property investors, with semigrants, wealthy foreigners and digital nomads flocking to the city. At the same time, limited housing supply has caused prices to surge.
Property agents have also been reporting record sales numbers, even during traditionally quieter winter months.
According to Ross Levin, licensee for Seeff Atlantic Seaboard, luxury downsizing has seen buyers and investors flocking to high-demand areas such as Cape Town’s Atlantic Seaboard.
As a result, the number of apartments sold for over R20 million rose 30% in 2025. In 2025, 22 apartments priced over R20 million have sold, compared to just 17 units during the same time in 2024.
