Global engineering, management and specialist technical services group, Aurecon, has outgrown its Century City office building – the first 5 Star Green Star rated building in South Africa – necessitating the development of a second building.
Ingenuity Property Investments, the JSE-listed property investment and development company, that owns the existing building which was developed in 2013, is to develop a second, adjoining green building to accommodate the Group’s growing needs.
Phase Two of Aurecon Century City, which will comprise three levels of parking and two levels of offices, will be linked to the existing building by a sky-bridge.
Being developed at a cost of around R88million it will comprise 3280 square metres of Premier grade offices and 152 undercover parking bays.
Aurecon Phase 1 was the first building in South Africa to be awarded a 5 Star Green Star SA – Office Design v1 rating by the Green Building Council of South Africa (GBCSA).
Developed by the Rabie Property Group at a cost of around R130million, the 7000 square metre office block was also the first building in Cape Town and only the fifth country-wide to achieve Green Star accreditation from the GBCSA.
Ferdi Nell, Delivery Centre manager Aurecon Cape Town, said that as with phase 1, Aurecon will be responsible for the design of all the engineering services of the project and also the Green Star Rating application, with assistance in phase II from Ludwig Design Consulting.
Mariska Auret of Rabie Property Group, the project managers on the development, said Aurecon Phase II was being designed by MaC Architects along the same green principles as Phase 1 and they intended to shortly register the building with the Green Building Council of South Africa.
CEO of Ingenuity, Arnold Maresky says the development of the second phase of Aurecon reinforced the group’s existing involvement in Century City and would add an attractive further investment to their Western Cape portfolio which almost doubled to R2,7 billion in the year to end August 2014.
Aurecon II will in fact be the group’s sixth investment property within Century City. Over and above the two Aurecon Century City buildings it also owns the Mazars head office building, Gateway, Virgin Active and the IBM office building.
Construction is due to start in January 2015 with completion scheduled for November 2015.