Construction World July 2021

ATTERBURY’S CO-DEVELOPMENT OF TOWERS MAIN TAKES TWO TROPHIES

L eading property investor and developer Atterbury has been chosen to develop a new distribution facility and Pickup Point for Takealot, South Africa’s largest online retailer, in Richmond Park, Milnerton, Cape Town. The new Takealot facility at Richmond Park will initially be 6 700 m² and include two expansion opportunities with the potential to reach approximately 17 000 m², providing Takealot with the flexibility to expand in line with its growth. The development will break ground in July 2021 and be ready for Takealot to begin operating in March 2022. Takealot will join the growing line-up of leading names operating from the popular 84ha Richmond Park development, situated on the N7, including Aramex, Cape Fruit Coolers, CTM, Mustek, Scoop, ACDC Dynamics, Corex, Sequence Logistics and Richmond Corner ’s convenience centre. “We are thrilled to welcome Takealot to Richmond Park where it can extend its footprint in the Western Cape, provide easy mothballed 30 storey 1970s building in the Joburg CBD, which has resulted in a mixed- use development that features affordable residential units, banking offices for ABSA, and activated lobbies complete with a coffee shop for residents and office tenants. There is also a public art gallery, creche and piazza with bleachers overlooking the ABSA precinct. cities and towns. Atterbury has been a regular recipient of these prestigious accolades over its 27 years of delivering excellence in property development, investment and asset management in South Africa and internationally. Atterbury’s co-development with Ithemba Property of Towers Main in the Johannesburg CBD was named the winner in the mixed- use category of the 2020 SAPOA Awards. Towers Main also won the prestigious overall transformation award. Towers Main is the redevelopment of a T owers Main, the landmark inner-Joburg mixed-use redevelopment, has taken home a duo of coveted SAPOA (South African Property Owners Association) Property Development Awards for Innovative Excellence 2020. Towers Main was co-developed by Atterbury and Ithemba Property. The SAPOA awards were announced online to honour outstanding contributions to South Africa’s built environment. They celebrate exceptional design quality and honour developments with positive impacts on our

Park and represents a key milestone in the development’s roll-out. Once finished, one-third of the park’s developable bulk will also have been completed,” says Neil Redelinghuys of Old Mutual Property, Richmond Park’s major shareholder. Richmond Park has also become a daily destination for many people who live and commute in the area. Richmond Corner shopping centre opened in July 2020, introducing 6 500 m 2 of sought-after convenience retail to the park. The fully-let centre has a selection of 22 stores, anchored by Pick n Pay, Woolworths Food, and Clicks, with a variety of convenience stores and takeaway options. Atterbury, which is rolling out the multibillion Rand Richmond Park development on behalf of the various shareholders, has delivered excellent tailor-made development solutions including property development, investment and asset management in South Africa and internationally for 27 years.  impacts. It has brought new life back into the Johannesburg CBD, enabling people to live closer to where they work and helping them save precious time and a fortune in transport costs. It contributes to addressing the city’s housing backlog and gives people all the amenities that they need and want to enjoy quality of life. Winning these awards from SAPOA is indeed a great honour. It is a testament to the exceptional quality of the team we have at Atterbury and the distinctly successful developments we deliver.”  exciting vibrancy to the city’s skyline. The vision behind the redevelopment, which has extended the lifespan of this landmark building – one of the ten tallest on the Joburg skyline - was to create an inclusive and multifunctional neighbourhood in keeping with new urban trends. Towers Main was developed for Divercity Urban Property Fund. The substantial investment in inner Joburg has furthered Divercity’s purpose to renew and re-energise South Africa’s urban centres by developing unique inner-city precincts. Divercity’s key shareholders and stakeholders are Atterbury Property and Ithemba Group Investments, and its cornerstone investors are RMH Property and Nedbank Property Partners. Armond Boshoff, CEO of Atterbury South Africa, says: “Towers Main was designed to change lives for the better, and we are thrilled that SAPOA has recognised its transformational

access to customers in the area, and continue its remarkable growth story. This blue-chip tenant is an excellent fit for the development. Takealot will complement and enhance the mix of businesses in the southern precinct of Richmond Park, which is focused on retail and distribution,” says Mia Kitshoff, Atterbury Leasing Manager : Commercial and Industrial, Western Cape. Among the numerous strategic and operational benefits Richmond Park offers Takealot is the convenience of its location as a Pickup Point for customers and its proximity to smaller couriers. Takealot’s bulk orders in the region will continue to be fulfilled from its large logistics centre in Montague Park. Richmond Park provides exceptional transport accessibility, with extensive road upgrades resulting in access from both the N1 and N7 highways. A unique aspect of the new Takealot facility is its dual entry and exit ways, one of which is dedicated to customer collection. “Takealot is a great addition to Richmond The development by Atterbury and Ithemba Property created nine prestigious office levels and 19 residential floors with studio, one- and two-bedroom apartments. The clubhouse on level 15 boasts a business centre, gym and children’s play area, all with breath-taking views of the city. The building has been visually transformed externally, with the painted façade’s vortex pattern adding an

TAKEALOT CHOOSES R ICHMOND PARK

17 CONSTRUCTION WORLD JULY 2021