National and international case studies teach us that:

• In order to retain financial sustainability business parks are forced to diversify.

• The integration of residential, commercial, and recreational spaces fosters social interaction, networking and more vibrant places.

• Global and local trends indicate a shift towards collaborative, flexible, and amenity-rich work environments driven by the need for innovation, productivity, and employee satisfaction.

• The workforce is showing an increasing preference for flexible work options and a greater emphasis on work-life balance.

• This implies better access to residential opportunities close to places of employment.

• At the same time there is an emphasis on sustainability and environmental stewardship which prompts the prioritization of eco-friendly design features and green initiatives.

The local spatial narrative in Stellenbosch is changing and more efficient use of land in our existing urbanised areas should be seen as the key driver for sustainable change.

Projects like the Adam Tas Corridor and the current review of the Municipal Zoning Scheme are important indications that this is an opportune moment in time to re-think the future of Technopark.

The question is how Technopark is choosing to position itself in this changing landscape and who are the partners in this transition. Technopark is in a fortunate position that there are many opportunities for change which includes both private as well as publicly owned land. A strong partnership and shared vision for the future will create opportunity, confidence and optimisation of opportunities for both Technopark as well as the surrounding area.

Proposed changes to a “Work, Play, Live” concept:

The “Work, Play, Live” concept has transformed urban planning and real estate development over recent years.  It’s a type of mixed-use development based on the idea that residents don’t need to leave a given area to access all of their living needs, including residential housing, office complexes, shopping, recreation, restaurants, etc.

These communities are on the rise in the post-pandemic era, as workplace flexibility remains a priority for employees.  The concept has been adopted by most business parks around the world since the community as a whole benefit.   Property values as well as rates and taxes are protected and increased, new options are provided for residents in an undersupplied residential property market, a vibrant community is created leaving residents with numerous resources that can support a multifaceted lifestyle and the landlords with happy long-term tenants.

The Techstel SRA proposes a fair and inclusive model to all stakeholders where the zoning changes will provide the same opportunities to all title holders, whilst protecting the interests of current landowners and their tenants.   We believe this zoning change will also result in the long overdue redevelopment of under-utilised properties in Technopark.

It is important to take into consideration that Technopark was not designed from the beginning with the “Work, Play, Live” concept in mind therefore the interests of current landowners and tenants need to be protected.