MegaBanner-Right

MegaBanner-Left

LeaderBoad-Right

LeaderBoard-Left

Home » Industry News » Property Development Sector » Greenford offices snapped up

Greenford offices snapped up

Thanks to a recent surge in demand, six of the seven office buildings in phase two of the Greenford Office Park in Kenilworth, have now been sold or let with strong interest being shown in the remaining block.

Raynard Haupt, project manager for the Rabie Property Group, said while the R80m phase two of the Greenford office park had got off to a slow start, sales and lettings had picked up strongly in the past six to eight months.

“In fact so much so that only one block of 350m² remains and we expect this to be finalised shortly as more than one party is interested in this space.”

He said in the past week logistics company, Unitrans, had let a second building in phase two bringing their total footprint in Greenford to 2,600 m² to accommodate their head office. Construction of the 5,600m² Phase two of Greenford, which is being undertaken by Big Ben Construction, is now nearing completion with the last handovers expected to take place at the end of July.

Greenford, which is adjacent to the Kenilworth Race Course, is a joint venture between Rabie Property Group and Western Province Racing. Offices have been let in phase two at R110 per m² with purchase prices varying from R13,700 to R16 000 per m² depending on a number of factors including size, number of parking bays, balconies and patios.

Other buyers and tenants include CCI, Pharmaceutical Society, Velile Tinto, Human Alliance and the Pedal Power Association.

Phase one of Greenford comprised 19 small office blocks totally just over 10 000 square. It is surrounded on three sides by a nature reserve and enjoys spectacular mountain views.

The professional team also comprises Sparq Consulting (Mechanical Engineer,) Rawlins Wales & Partners (Electrical Engineer,) Sonnekus & Toerien (Structural Engineer,) Nadeson Consulting Services (Civil Engineer,) Planning Partners (Landscaping Architects) and Western Cape Construction (Civils.)

To enquire about Cape Business News' digital marketing options please contact sales@cbn.co.za

Related articles

2 000 Olive trees planted at Mardouw estate in Swellendam – a tree for every Verder Group employee

GLOBAL technology leader, Verder Group, is marking its commitment to environmental and social responsibility and has chosen the multi-award winning Mardouw Olive Estate to...

Avoid disappointment and potential disaster with competent design, installation and supervision

Disappointment with the outcome of construction projects, including segmental block retaining walls may manifest itself in two ways. Aesthetics: unattractive sloppy finish or sub-standard material...

MUST READ

WEG Africa pioneers local manufacture of MV softstarters in SA

WEG Africa has become the first OEM to produce medium voltage (MV) softstarters in South Africa, reducing lead times for customers and supporting the...

RECOMMENDED

Cape Business News
Follow us on Social Media