Sandton is still on the rise and home to half of SA’s current commercial property development

Sandton is still on the rise and home to half of SA’s current commercial property development

The full redevelopment of Village Walk in Sandton Central by Eris Property Group.

Nearly half of all the office development taking place in South Africa right now is happening in Sandton.

Sandton Central is the epicentre of this development, which includes many of the most modern, exciting and innovative new buildings on the continent.

The latest research in the South African Property Owners Association Office (SAPOA) Vacancy Survey for the fourth quarter of:2016 shows that 48% of new offices being built are going up in Sandton. What makes this figure even more extraordinary is that no other area in the country comes close to it, with the nearest contender below 9%.

Sandton Central is well established as Africa’s financial and business capital and continues to grow with developments that embody its vibrant, high-energy ‘live, work, play’ environment.

Supporting the billions of rands being invested in these new developments is the fact that Sandton Central strives to offer a well-managed orderly space that provides all the necessary infrastructure to support the growing district. Transport is a particular focus of the Sandton Central Management District (SCMD).

Boosting all modes of transport and easing traffic flows is part of an ongoing programme in Sandton Central, with the Sandton Gautrain Station at its heart. This includes the City of Joburg’s expanding Bus Rapid Transit (BRT) system which will see Rea Vaya’s fast, convenient and affordable bus service to Sandton Central begin in 2018. It adds new bridges, widens main roads, upgrades pavements and signage, improves street lights and signals, and introduces cycling and walking facilities.

In fact, Johannesburg has just received the global TomTom Traffic Index Award for its smart traffic management strategies, including the Gautrain and integrated bus system, from an international panel of traffic experts.

Elaine Jack, City Improvement District Manager of SCMD, which manages the public urban spaces of South Africa’s cosmopolitan financial hub, comments: “Sandton Central has always been an enterprising leading business district. It is exciting to see it growing and improving with such confidence. In line with the best cities in the world, it provides an exceptional environment for the many people who live, work and visit Sandton Central each day.”

Among the new office developments joining Sandton Central is Sasol’s new 67 000m2 10-storey head office. Developed by Alchemy Properties and Sasol Pension Fund, the distinctive corporate headquarters were completed in December 2016. Sasol Place enjoys a prime position in Sandton Central at 50 Katherine Street.

The new Signature Lux Hotel will welcome guests from May at 135 West Street. The 218-room chic, urban three-plus star hotel is developed by Richland Properties.

At 140 West Street, Zenprop is developing a 27 000m2 office property in two linked towers – a 10-storey north tower and 14-storey south tower. The towers are due for completion in October 2017, and Hogan Lovells will have its new offices here.

Discovery’s global headquarters in Sandton Central, the largest single-phase commercial office development in Africa.

Growthpoint Properties and Zenprop are developing, and jointly own, Discovery’s global head office in Sandton. The new 110 000m2 resource-efficient, cost-effective and environmentally-innovative complex is the largest single phase commercial office development in Africa. It is on the corner of Rivonia Road and Katherine Street, diagonally opposite Sandton City and one block from the Sandton Gautrain Station. It comprises three linked office towers with a ground floor, eight office floors and a roof level that holds Discovery’s sports facilities. It will also have nine basements with over 5 000 parking bays. Discovery is expected to take occupation from the end of 2017.

The Central at 96 Rivonia Road is a 100 000m2 site being developed by Investec and Cri-Eagle to accommodate office, retail, hotel and residential development. The Central is on the corner of Rivonia Road and Johan Avenue, directly opposite Sandton City Shopping Centre and 100m from the Sandton Gautrain Station. The first development to take place on The Central site is a 20 000m2 state-of-the-art building, with 14 floors of office space. Eight of the 14 floors have already been taken up by law firm Werksmans. This building is expected to be complete before the end of the year.

The old Village Walk mixed-use development by Eris Property Group is a full redevelopment of this landmark site at 129 Rivonia Road. The development comprises two high-rise office towers – a 13-storey tower and an 18-storey tower, with a combined floor area of about 62 000m2. Below the two office towers will sit two levels of retail space spanning about 15 000m2 with a seven-level parking basement of around 100 000m2 to service the precinct. The project is set for completion in early 2019.

Kgoro Central is the sizeable 200 000m2 mixed-use art precinct being developed around a public square above the Sandton Gautrain Station. Developers Regiments Real Estate say the development is being rolled out for final completion in 2024. Kicking off in June this year, its first phase of two levels of retail, three levels of parking and 304 residential apartments is scheduled for completion by the end of 2018. By 2021, this will be joined by a hotel with serviced apartments, two more retail levels, offices and a high-end residential building, The Jewel.

Abland is building on the success of the first two phases of its mixed-use Alice Lane development, with the third and last of three prominent buildings nestled around a shared public piazza. It consists of 35 000m2 of space and will be 19 storeys high. Bowmans Law will be its anchor tenant.

The Legacy Group’s next project also takes advantage of an ideal Sandton Central location. Leonardo at 75 Maude Street is set to rise 150 metres above Sandton’s skyline. It is a 40 000m2 mixed-use development, which includes 1 500m2 retail, 12 000m2 offices and 25 000m2 residential.

The 120 000m2 multi-storey mixed-use office precinct for the new Old Mutual Emerging Market Office is going up at the prominent corner of Rivonia Road and West Street across from the Sandton Gautrain Station. Developed by Old Mutual, Mutual Place is at 115 West Street.

“These are just a few of the hero developments going up in Sandton right now, and there are even more set to come. There are also several residential developments underway, within mixed-use properties and stand-alone developments, which create the opportunity for people to live close to where they work and add to the quality of life in Sandton Central,” says Jack.

The Capital on the Park is one of the latest residential developments in Sandton Central. Located at 101 Katherine Street, with direct access to Mushroom Park, The Capital on the Park will have 240 one and two bedroom apartments, as well as penthouse suites, available for occupation from July.