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CONSTRUCTION WORLD
NOVEMBER
2015
PROJECTS AND CONTRACTS
Exterior view of Media City on Cape Town’s Foreshore, where Pearson Southern Africa has relocated its headquarters.
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.
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.”
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 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.
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.