PONTE TOWER UP FOR SALE

It’s not just a building, it’s a statement and now, the famous Ponte Tower is up for sale.

The iconic landmark that’s been part of Johannesburg’s skyline for decades, is currently owned by Kempston Properties.

Earlier this week, Broll Auctions and Sales CEO Norman Raad confirmed that the building is for sale by private tender.

Raad said that interest in the residential building was strong, with more than 50 inquiries received on the very first day.

“We’ve never seen so much interest in a building.”

The Ponte Tower has a maximum capacity of 2,500 and is currently 75% occupied.

Designed in 1975, the cylindrical building is hollow in the centre. It is 173 metres tall with 54 floors and is one of the tallest residential skyscrapers in Africa.

The building has been through it all from being one of the most exclusive residential buildings when it opened its doors in the 1970s to becoming a slum in the 1990s when it was confirmed that the building had no access to water or electricity at that stage.

But, the current owners turned the situation around and now it’s a fully functional residential building with amenities.

The deadline for the private tender is 10 April 2025.

Image credit: Pexels