Vukile invests in new prime offices in Rosebank office block

Vukile invests in new prime offices in Rosebank office block

Construction is under way at 104 Oxford Road in Rosebank, Johannesburg.

JSE-listed SA retail real estate investment trust (REIT) Vukile Property Fund has acquired a substantial section of Giuricich Bros Construction’s new premium-grade offices at 104 Oxford Road, Rosebank.

Family-owned construction firm, Giuricich, began work on the 6 400m2 office block development in September 2017 and completion is set for year end.

Vukile has invested in 1 500m2  of sectional title offices, comprising the entire top floor of the five-floor building as well as its rooftop gym and entertainment area. Vukile will begin working from its landmark new address from early 2019.

Adrian Faccio of Giuricich says the two companies have previously collaborated on the regional Springs Mall in Ekurhuleni, constructed by Giuricich and co-owned with Vukile and other partners.

Vukile chief executive, Laurence Rapp, says, “We have outgrown our current offices. We value being in the Rosebank area, but required a bigger space that is better suited to our needs. We identified the need for more modern, collaborative and efficient workspace with great amenities. The new offices are just a block away from our current premises.”

The office block is in the rapidly developing financial district of Rosebank, next to the new Sappi head office and within walking distance of the Standard Bank building, The Zone and other amenities.

It offers easy access to the Rosebank Gautrain Station, providing a quick link to Joburg, Sandton, Pretoria, OR Tambo International Airport and beyond. It has a Gautrain bus stop right outside its pedestrian gate, and is a short drive from the M1, via Glenhove Road.

Giuricich’s construction projects include: the six star Green Star SA Office Design certified WWF offices in Johannesburg; expanding Vaal Mall in Vanderbijl Park; redeveloping the Oyster Box Hotel in Umhlanga Rocks, KwaZulu-Natal; building McDonalds restaurants countrywide; the 20 West Street Capital Hotel building in Sandton; the original BMW head office in Midrand; recent motor dealerships for Mercedes-Benz, KIA and Hyundai; switch centres for MTN countrywide; and, it was one of the contractors in the original development of well-known shopping centres such as Hyde Park, Fourways Mall, Southgate and Rosebank Mall.