34 / 72
32
CONSTRUCTION WORLD
AUGUST
2015
PROJECTS AND CONTRACTS
>
The strikingly-designed 6 500 m² building will be the head
office of financial services group Citadel and is located
in a prime location in Claremont, adjacent to Cavendish
Shopping Centre. It will be jointly owned in equal shares by
Atterbury, Citadel and Catalyst.
Construction of the stone-façade building, which began in August
last year, is on track and set to be complete in June 2016.
“We’re back in the Western Cape in a big way,” says Gerrit van den
Berg, Atterbury’s development manager for its Western Cape develop-
ments. “This project for Citadel is our first new commercial property
development in the Western Cape since 2010, and we
have several other major new developments on the drawing board
or being finalised.”
The previous development and asset management projects that
Atterbury led in the Western Cape include the refurbishment done at
the Eikestad Mall in Stellenbosch, which was completed in 2013 as
well as Bela Rosa Mixed used development in Durbanville, which was
completed in 2010. The latter has since been sold and is now owned by
Propergation. Atterbury has been involved in various commercial and
retail projects in the Western Cape in the past, including the Tygerberg
Office Park, Great Westerford refurbishment, Somerset Value Mart,
Willow Bridge and Garden Route Mall in George amongst others.
“There is no doubt, the Western Cape is back on our radar,” says
James Ehlers, managing director of Atterbury Property Developments.
“Other developments such as Mall of Africa, within the Waterfall City
mega development in Gauteng, and projects in several other African
countries and more recently Europe, have kept us busy in recent years.
These will continue to be key projects for us, but so will be new devel-
opment projects and opportunities in the Western Cape,” he adds.
Atterbury’s new office development in Claremont is being funded
by Investec. The majority of the space in the building will be taken up
by Citadel, while Catalyst will take up the top floor.
Van den Berg comments: “Citadel approached us to find a prime site
and to develop a new office for them in Cape Town. They are currently
based in Claremont and wanted to stay in the area. Catalyst became
involved as they owned the site opposite Cavendish, and the develop-
ment became a reality in the form of a joint-venture.”
He adds: “Atterbury’s tagline is ‘it’s a matter of association’, so we
are particularly proud to be working with noted financial brands Citadel
and Catalyst on this project. The development is on a great site, which
we managed to secure through our relationship with Broll who under-
stands the Cape market well.”
Atterbury Asset Managers (AAM) will be responsible for the
asset management on the Citadel head office building. Lucille Louw,
Managing Director of AAM says: “AAM’s proven track record in success-
fully managing multiple projects in South Africa as well as beyond our
borders, will ensure that the Citadel building will become a prestigious
asset in the Atterbury portfolio.”
The old single-storey building that was on the site has been demol-
ished to make way for a new modern development in an area of Cape
Town that is noted for its capital and ‘old money’. Designed by architect
Robert Silke, the new building includes stone, glass, marble and brass
finishes that are aimed at creating a stately feel and fits well in the area.
Silke comments: “The building is based on mid-20
th
century
‘style-moderne’ architecture of cities like New York. It will be the
first stone panel building in the area and is designed to stand-out,
conveying the solidity and presence of an investment bank.”
Van den Berg concludes: “Atterbury’s development will definitely
have a positive impact on the value of neighbouring properties. It is
very well designed to fit the nature and feel of Cavendish.”
WESTERN CAPE
back on radar
Leading national property development
and asset management group, Atterbury,
has secured the development of a new
six-storey office building in Cape Town in
its first commercial property development
in the Western Cape in recent years. When
complete the building is expected to be
valued at around R225-million
.
SUPERVISING
MOZAMBIQUE
BUILDING
CONSTRUCTION
The building is located in the centre of Maputo, on an
intersection between two of the capital’s busiest roads. It
will comprise two towers and a three-level underground
basement. One of the towers will be 20 storeys, dedicated to apart-
ment blocks. The other will be 17 storeys and will be used as offices.
Mott MacDonald PDNA will supervise the structural, civil, elec-
trical, mechanical and geotechnical works. The team will comprise
an architect, an engineer, a health and safety officer, an inspector
of works and support staff based in Mozambique and South Africa.
Pedro Chilengue, Mott MacDonald PDNA’s project director, said:
“The development is part of an INSS investment strategy to create
revenue for its pensions and social welfare activities. Our team of
experts will make careful recommendations on how construction
should be managed.”
Construction is expected to complete in early 2017.
>
Mott MacDonald PDNA has been appointed by
the Mozambique National Institute for Social
Security (INSS) to supervise construction of a
multi-functional building in Maputo.