Hijacked Jo’burg Tower reborn: Green, Affordable & Bankable
- Pilot IFC-EDGE precinct converting hijacked stock into investable rentals
- 133 inner-city units now running lower carbon, lower operating cost
- Future blueprint: densify, reuse, green finance and make it cashflow
Background: Remington from abandoned liability to investable housing
Remington House, once abandoned and later hijacked, is now TUHF’s most important proof-of-concept in the Johannesburg CBD: affordable, well-located residential stock that still meets strict green performance standards and qualifies for IFC incentives.
This is TUHF’s first pilot under its new IFC EDGE collaboration — and it has delivered exactly what policy frameworks keep saying SA needs more of: brownfield conversions that densify where people actually work, study, commute, and live.
Why this matters and where this now goes
Remington retained the frame, lifts, and most of the envelope - cutting embodied carbon in half, while adding:
- 133 self-contained units
- 5 retail units
- study centre + gym
- solar + borehole + central heat pumps
- ±1,000-student node emerging across 3 adjacent buildings
And the kicker, EDGE performance incentives (±R18,500 per unit) accelerate amortisation. That’s not theory, that’s cash directly reducing debt.
This is the future template for bankable green affordable housing in SA, refurbish, not demolish; densify, don’t sprawl; structure finance so “green” directly improves IRR.
This is what the inner city should scale, 50 times over.