Concept and Theme

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Developing a compelling theme for the reinvention of real estate into exciting experience-based destinations that understand the need and demand for spaces which promote the health and wellbeing of all people who engage with it.This central theme guides how we integrate the  commercial, residential, leisure and retail elements with food and beverage partners, social enterprises,  arts and culture and other uses and offerings.

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Neighbourhood Strategy

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Curating and placing the best-in-class and most appropriate mix of brands and businesses driven by the theme for the project to ensure a coherent focus. Our Neighbourhood tenanting solution brings together a conglomerate of existing brands and partners. We blend them together at specific projects in such a way as to create a unique, niche experience within an exciting and dynamic environment.

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Development

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The repurposing, redevelopment and new build process to revive real estate involves partnering with leading specialists in particular sectors where required and includes residential developers, student housing companies and so forth.

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Our Core Values Include:

• The Fourth Space group partners with leading, empowered sector specialists to bridge gaps in experience through meaningful and purposeful joint ventures. Particular sectors include the development of social and student housing, residential development and greenfield site development, to name a few.
• The group's procurement policy is guided by the maximum use of local and BBBEE contractors and suppliers in all stages of a project as well as consideration for the environmental impact of projects, human health and wellbeing.
• partnering with a select group of experienced companies - through joint ventures - who are experienced in particular areas outside of the founding partners experience e.g. social and student housing, residential development, hotel and leisure properties, greenfield site development etc.
• commitment to developing buildings and spaces that contribute to making everyone healthier, happier and more productive by putting people's wellbeing at the top of our agenda, inspired by the WELL building standard, the leading tool for advancing health and well-being in buildings globally
• minimising our environmental impact by integrating global benchmarks in green building principles focused on energy consumption, water management, project materials, and enhanced Indoor Environmental Quality (IEQ)

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Our ESG priority

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We are driven by our purpose to catalyse positive change in South Africa's cities and towns by unlocking enduring financial, social and environmental value where we invest and develop.

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ESG will be a key priority for Fourth Space as its seeks to unlock financial and social value across cities, towns and communities in South Africa improving the livelihoods of the almost 70% urban population.

The Fund and its board will be directed by a strong Environmental, Social and Governance policy enhancing its investment and development decisions and aligning with ESG principles on a building, precinct and neighbourhood level. The policy builds on the founding partner's 2017 nomination by the eThekwini Municipality for a United Nations award, which recognises and disseminates global best-practice in promoting and facilitating foreign direct investment in line with the UN's 17 Sustainable Development Goals.