Sunday, May 17, 2009

Century City to get new office block

Ok, these guys know what they are doing or they have money to burn. Let's hope for them it's the former.

Century City to get new office block

A new 3,000sq m sectional title office block is to be built on a prime site at the Ratanga Road entrance to Century City, Cape Town, at a cost of around R50m.

The three-storey building is situated alongside the landmark BMW Gateway building and has been designed to form a harmonious whole, with it incorporating a piazza area between the two buildings.

The Gatehouse will offer a total of 23 sectional title A-grade office suites ranging in size from 70sq m to 220sq m and priced from R1,2m. Parking will be provided at a rate of four bays per 100sq m with ample visitor bays with additional parking available at the nearby e-parking, Century City's park and ride facility.

Colin Anderson, development manager for Rabie Property Group, said the development will be built in response to continued strong demand from small to medium-size users for sectional title offices at Century City and followed the successful sell-out and completion of the neighbouring The Forum development.

Anderson said the classic contemporary building was balanced in its proportions and choice of materials combining glass, steel, timber and face-brick.

Early bird purchasers who buy before construction commences are being offered a six month rental guarantee equivalent to a 9% per annum return on investment with the balance of purchasers receiving a three-month rental guarantee.

Construction is due to start in the third quarter of this year with completion scheduled for mid-2010.

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