Construction World November 2015

PROJECTS AND CONTRACTS

The move also signified a cultural shift from cellular offices to an open plan layout, so the new office has plenty of informal areas to collaborate along with ‘hot desks’ for staff on the move. It’s a much more fluid and flexible arrangement.”

eight and nine percent, which makes them very

attractive to investors. As a result we are also working with several high net worth investors and property funds that are highly attracted to the precinct. However these buildings do not often come onto the market, as astute investors with vision acquired them several years ago in anticipation of the area developing into a growth node.” Holland adds that the Culemborg complex would naturally be the next growth node earmarked for future development.

Exterior view of Media City on Cape Town’s Foreshore, where Pearson Southern Africa has relocated its headquarters.

CENTURY CITY SQUARE FILLING UP FAST Rabie Property Group’s R1-billion mixed use

Century City Square development, which is set to become the new commercial hub of Century City, is on track for completion by February 2016.

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The entire development, which is set over a basement parking podium, comprises a 900 seat Century City Conference Centre with a total capacity of 1 200 over 20 venues, a 125 room hotel, 51 apartments, restaurants and coffee shops, 1 330 parking bays as well as more than 15 000 m 2 of offices ranging from hip and funky to traditional premier grade corporate in three different buildings – the Annex, the Matrix and the Apex. The third office component, the Annex, comprises 3 000 m 2 of offices over three floors above the conference centre with its separate ground floor entrance. A third of this space has already been let. The entire Conference Centre precinct known as Bridgeways is being developed as a green precinct and is already home to four Green Star rated office buildings – Bridge Park, Chevron, The Business Centre and Philip Morris. The Century Square development itself is registered with the Green Building Council of South Africa for a pioneering Green Star mixed use rating. Over and above all the facilities on offer in Century City Square, the development is in easy walking distance of the Virgin Active gym, conve- nience retailing at Colosseum, Canal Walk Shopping Centre, the MyCiTi bus station, the Century City train station and Canal Walk. >

Century City Square and the rest of the Bridgeways precinct will benefit from new infrastructure projects totalling more than R130-million being undertaken including the construction of R45-million of roads and canals in the Bridgeways precinct, an R18-million upgrade of Sable Road, a further R4-million upgrade of Bosmansdam Drive and the completion of a R35-million MyCiTi trunk station – all measures aimed at significantly easing peak traffic congestion. The precinct will enjoy a new exit directly onto Sable Road which will open at the end of 2015.

CONSTRUCTION WORLD NOVEMBER 2015