Earthworks for Waters Edge in Century City now underway
Date posted: May 20, 2016Civil Contractors have moved on to site at Waters Edge, a R385million new high-rise residential development overlooking the spectacular 16ha Intaka Island wetlands reserve and surrounding waterways in Century City. Mariska Auret, Project manager of Rabie Property Group, said the site, which is situated between Aurecon and Knightsbridge and backs on to Canal Walk Shopping Centre, had been handed over to Group 5 in mid-May and earthworks... Read Article
Manhattan Quarter tops out
Date posted: May 13, 2016Construction of Manhattan Quarter, a complex of 63 apartments overlooking the Grand Canal in Century City, has topped out and is on schedule for completion in mid-October. Being developed by the Rabie Property Group at a cost of R150million, Manhattan Quarter comprises generously sized apartments which were all sold out months ahead of construction which started in July last year. The apartments were sold for between R1 425 000 and... Read Article
Sales at Burgundy Estate Cape Town shoot past R330million mark
Date posted: April 29, 2016The momentum keeps building at Rabie’s Zarina development in Burgundy Estate Cape Town where total sales since its November launch have topped R130million bringing to more than R330million the value of sales they have achieved in the estate since they joined forces with Nedbank in mid-2015. Zarina is the second development to be undertaken by the joint venture. The first development – Vermont – which consists of 190 one, two and... Read Article
Townhouses now launching at upmarket Durbanville estate
Date posted: April 8, 2016The long-awaited release to the market of the first phase of 126 townhouses in the exclusive Clara Anna Fontein lifestyle estate in Durbanville has arrived! The 57 homes in the first phase will be launched on Saturday April 16 and will be on show at the Sales Centre at Clara Anna Fontein over the weekend from 10am until 5pm and again on the weekend of 23 and 24 April. This phase of the development will comprise 57 homes, priced between... Read Article
Third phase of Zarina in Burgundy Estate now launching!
Date posted: April 4, 2016The third and final phase of Zarina, a R200m residential project being developed jointly by Rabie Property Group and Nedbank in Burgundy Estate, is being launched this weekend. Phase three comprises 82 two bedroom two bathroom apartments in five blocks of three storey walk-ups. Units range in size from 75 square metres to 85 square metres, including balconies, and are priced from just over R1million to R1 220 000. Brian Usher, General... Read Article
Fifth Apartment block in Oasis Retirement Resort now launching
Date posted: April 1, 2016Palm Brook, the fifth block of apartments in the Oasis Luxury Retirement Resort at Century City, will be launched this week. Being developed in a joint venture by the Rabie Property Group and a Harries Projects consortium at a cost of R230 million, the 11 storey Palm Brook will comprise 52 one, two and three bedroom luxury apartments. It follows the sell out of all 50 apartments in the fourth block, Palme d’Or, five months ahead of... Read Article
All Matrix offices sold!
Date posted: March 18, 2016All 24 sectional title offices in a new mixed use development, The Matrix, at Century City, have been sold for a total value of around R90million ahead of completion. The Matrix forms part of the R1billion Century City Square development which includes a 1200 seat conference centre, a 125 room hotel, restaurants, offices and apartments all situated around a public square and served by 1330 parking bays. The building comprises 1300 square... Read Article
Century City resales at nine year high!
Date posted: March 11, 2016Residential resales undertaken by Property World at Century City in the first two months of this year were the highest in nine years, says General Manager Brian Usher. Property World are not only the official on-site agents for new residential developments launched by Rabie Property Group, the developers of Century City, but they also operate extensively in the precinct’s second hand housing market where they hold an estimated market share... Read Article
Aurecon 2 awarded 5-Star Green Star rating
Date posted: March 4, 2016The second office block at Century City for global engineering company Aurecon has been awarded a 5-Star Green Star Office v1 Design rating by the Green Building Council of South Africa (GBCSA). The 3300 square metre building has been built adjacent to Aurecon’s original 7000 square metre premises which was in fact the first office building in South Africa to receive a 5-Star Green Star rating. Aurecon was responsible for the design of... Read Article
Rabie relocates to new offices
Date posted: February 26, 2016After 10 years in the Colosseum building at the Ratanga Road entrance to Century City, Rabie Property Group has relocated its offices to the newly completed Annex building above the new Century City Conference Centre. Rabie’s old offices of around 1000 square metres over two levels have been sold to an investment trust, Century Blue Trust, that has acquired a number of other buildings within Century City in recent years. The new fourth... Read Article
Palme d’Or sold out!
Date posted:Palme d’Or, the fourth luxury apartment block in the Oasis Retirement Resort at Century City, has been sold out five months ahead of completion! The last two of the 50 apartments in the 11 storey building were sold in the past week bringing the total value of sales in the building to over R220million. Owen Futeran, a director of the Oasis Joint Venture, which comprises the Rabie Property Group and a Harries Projects consortium, said... Read Article
Valentine Under The Stars concert rocks new Square
Date posted: February 15, 2016Century City Square was christened by spectacular Valentine Under The Stars concerts featuring the Cape Town Philharmonic Orchestra (CPO) over the Valentine weekend. Playing to capacity audiences on both the Saturday and Sunday nights, the CPO was accompanied by some of the top musical talent in the country in this classic-meets-pop concert which was filled with love and romance under the Cape Town night sky. Performances included South... Read Article
New Century City Conference Centre to boost business tourism
Date posted:The new 1200 seat Century City Conference Centre, which is expected to attract major additional business tourism to Cape Town, was officially opened Sunday evening by Alan Winde, the Minister of Economic Opportunities in the Western Cape. The Conference Centre has been developed by the Rabie Property Group as an integral part of Century City Square, the new commercial and hospitality hub of Century City, which has been completed at a cost of... Read Article
Sinenjongo excels for sixth year!
Date posted: January 6, 2016Sinenjongo High School in Joe Slovo Park in Milnerton, which is sponsored by the Rabie Property Group, achieved a 90,6% percent pass rate in the 2015 matric examinations. And this was achieved with a record number of learners sitting the exam – 149 against 137 the previous year and 91 in 2013. This is the fifth consecutive year that the school has achieved a pass rate of around 90% or higher. Not bad given that eight years ago, when... Read Article
Greenford office block sold to investment trust
Date posted: December 11, 2015A 555 square metre two storey office block in Greenford Office Park in Kenilworth has been purchased by Century Blue Trust for R8,3million. The building is fully let to asset management software company, Fundamental Software (Pty) Ltd, which recently renewed its lease for a further five years. Century Blue Trust is a private risk-managed commercial property investment trust with a growing portfolio of quality properties in great locations.... Read Article
Ratanga Junction closed today
Date posted:A municipal electrical substation in Ratanga Junction blew this morning leaving the theme park without electricity. City of Cape Town electricians and private contractors are busy isolating and repairing the damage but it is clear the park will not be able to open today. Communications Manager Maggie Rowley said they apologised to their valued guests for any inconvenience caused by this unfortunate... Read Article
Absa Bank relocates regional office to Century City
Date posted: December 2, 2015Absa Bank is set to consolidate its 14 offices in the Western Cape to one centrally located regional office at Century City. One of the largest financial services groups in Africa, Absa has signed a 10-year lease for 14 000 square metre of offices in the newly completed Bridge Park office development in what is believed to be the largest letting deal seen in Cape Town for at least five years. Comprising two four storey 5 Star Green... Read Article
Absa set to relocate to Century City
Date posted: November 25, 2015Absa Bank is set to consolidate its 14 offices in the Western Cape to one centrally located regional office at Century City. One of the largest financial services groups in Africa, Absa has signed a 10-year lease for 14 000 square metre of offices in the newly completed Bridge Park office development in what is believed to be the largest letting deal seen in Cape Town for at least five years. Comprising two four storey 5 Star Green Star... Read Article
Clara Anna Fontein Phase 2 launching shortly
Date posted: November 20, 2015With R500million in sales already in the bag and only 11 plots remaining to be sold in the first phase of the prestigious Clara Anna Fontein, estate in Durbanville, phase two is now set to be released to the market. Colin Green, a director of Rabie Property Group, which is undertaking the development in a joint venture with landowners, the AFM Louw Family Trust, said more than 95% of the 259 single residential erven in phase one had been... Read Article
Buyers snap up Waters Edge apartments
Date posted:Buyers snapped up 106 of the 144 apartments in Waters Edge, Rabie Property Group’s latest residential development at Century City, for a total value of R256,6million at its launch last week. “This represents a 66,9% sell out and is the highest value of sales we have achieved at a launch for many years,” says Brian Usher of Property World, the dedicated on site sales agents for Rabie. “And that is in spite of the fact that, due to... Read Article