The Leonardo in South Africa's Sandown is currently under construction. Once this 55 floor mixed-use property development completed, it will reach a height of 234 metres (768 ft), 11 metres (36 ft) taller than the current tallest building in South Africa surpassing Carlton Centre. The building is being built at 75 Maude street, approximately 100 metres from the Johannesburg Stock Exchange in Sandton, South Africa.
The Leonardo is expected to be completed by the end of 2019. Construction on the Leonardo commenced three years ago and some 2,000 workers are currently on site. According to Legacy's Chief Executive Officer, Bart Dorrestein, the decision has been taken to go more than 50 floors in September 2018.
"We've said nothing and chose to let the structure do the 'talking'…The Leonardo is a beacon of hope and belief in the future of SA amid challenging times," Dorrestein said to Moneyweb.
"It seems like yesterday that Ken Reynolds of the Nedbank property division discussed the potential of developing the 'Big Hole on Maude Street' with the Legacy development team. The Nedbank-owned property at the time was full of water and had a small flock of resident Egyptian geese. Now, some six years later, The Leonardo has risen to tower over Sandton," Dorrestein added.
It has been announced that the 2,100 square metre, 3 floor penthouse apartment will go on the market for R180 million which, if sold, will make this the most expensive sectional title property ever sold in South Africa. The entire structure will cost R2 billion and consist of 200 apartments and 11 floors of commercial office.