MegaBanner-Right

MegaBanner-Left

LeaderBoad-Right

LeaderBoard-Left

Home » Industry News » Property Development Sector News » R460m new offices under development at Century City

R460m new offices under development at Century City

A new development of 16 300 square metres of premium grade offices, which will include new regional offices for Discovery, is to be built on a prime gateway site at Century City.

Being developed by the Rabie Property Group at a cost of R460-million, Sable Park will comprise two four storey buildings of 8 000m2 and 8 300m2 respectively, each with two levels of underground parking.

Designed in a contemporary modern vernacular by the award-winning dhk Architects, the buildings will front on to Sable Road providing high visibility and offering uninterrupted panoramic views of Table Mountain and Table Bay.

Discovery’s Cape Town staff, who will be relocating from elsewhere at Century City due to the expiry of their existing lease, will be occupying the larger of the two buildings.

The second building, which is ideally suited for a large user looking to make a strong corporate statement, is being designed to be flexible and if needs be, could be sub-divided to accommodate smaller users, says Rabie director, Colin Anderson.

David Pierre-Eugene, head of Group Facilities at Discovery, said: “With our existing leasing commitments coming up for renewal, we were on the look out for new premises whereby we could be consolidated into one building and have options for future growth.

“As part of our assessment for new premises, we surveyed other developments outside of Century City and found that from a location, convenience and amenities point of view, Century City was still the best location to meet our requirements.”

Sable Park is situated in the all-green Bridgeways precinct which has become the new commercial and hospitality hub of Century City. The precinct is home to a number of other blue chip companies including the new Absa regional offices, Chevron, Philip Morris, the Business Centre, Thomson Reuters, Mastercard, Derivco, Northfund, Glad Africa and the Rabie Property Group amongst others.

Also located in the precinct is the mixed-use Century City Square which comprises the Century City Conference Centre and Hotel, 15 000m2 of offices, 51 apartments and five restaurants, pubs and coffee shops surrounding a public square and served by 1330 parking bays in a super basement and a structured parking garage.

Century City Square development was recently awarded a 4-Star Green Star – Custom Mixed Use Design rating by the Green Building Council of South Africa, the first development in the Western Cape to achieve this.

Five other office buildings in the precinct have also received Green Star ratings.

Anderson said Sable Park was also being designed as a green development and it was their intention to register it with the GBCSA, aiming for a 4-Star Green Star rating in both the Design v1 and As Built v1 categories.

The Bridgeways precinct also boasts a Virgin Active gym and is in easy walking distance of convenience retailing, spas, three other hotels and the Canal Walk Shopping Centre.

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

Related articles

Cape Town’s zoning law amendment: WCPDF backs changes but flags concerns

By Larry Claasen THE Western Cape Property Development Forum (WCPDF) supports the City of Cape Town’s proposed amendments to the Municipal Planning By-law (MPBL) but...

Coastal zoom towns leading business growth

Over the past two decades South Africa’s coastal towns have experienced massive development and growth, with over 33% of our population now residing within...

MUST READ

Why AI is both a risk and a priority defence tool

Cyber security in the age of AI is a key topic for the forthcoming ITWeb Security Summit, to be held in Cape Town and...

RECOMMENDED

Privacy Overview

This website uses cookies so that we can provide you with the best user experience possible. Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful.

Strictly Necessary Cookies

Strictly Necessary Cookie should be enabled at all times so that we can save your preferences for cookie settings.

If you disable this cookie, we will not be able to save your preferences. This means that every time you visit this website you will need to enable or disable cookies again.