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May 9, 2014

R350m Central Park Century City offices nears completion

Central Park Century City offices

The third and final phase of Central Park, an 18 000 square metre low rise office park situated around a village green at Century City, is nearing completion.

The R350million development comprises a total of 14 buildings all of which  have been sold with the last two having recently been acquired for a day hospital and doctors’ suites.

A 2000 square metre building which will house the 24 bed Intercare Day Hospital Century City and doctors’ consulting rooms is under construction with completion scheduled for early next year. The day hospital will comprise three surgical theatres, a minor procedure room and laser unit, xray facilities and a dispensary.

A second building of 1000 square metres, which has just been completed, will house additional consulting rooms for doctors.

Also forming part of phase three are two additional office buildings – one of 700 square metres which has recently been completed and will be the new home of Newsclip and a 1600 square metre office block, still under construction, for law firm, Von Seidels.

Colin Anderson, a director of the developers the Rabie Property Group, said Central Park had been developed in response to market demand over the past five years.

Central Park Century City offices

“Its success even during tough market conditions was helped by the fact that it catered for a wide range of users with offices varying in size from as small as 80 square metres to 2200 square metres.  Also underpinning its success is the fact that Central Park is in easy walking distance of all Century City’s amenities including the public transport interchange, Intaka Island nature conservation area and the Canal Walk Shopping Centre.  In fact Central Park was planned as the focal recreational hub for the greater Century City precinct and it includes a Clubhouse, a community square and the  offices of the Century City Property Owners’ Association, the non-profit company responsible for the day to day running of the Century City precinct.”

Anderson said the success of Central Park and the recently completed neighbouring Quays commercial node which comprises 39 low rise studio offices from 41m2 to around 400m2 and a TriBakery restaurant had prompted the launch of a new R120million sectional title office development, Grosvenor Square the anticipated completion date is end 2015.

“Providing a total of 5364 square metres of offices, Grosvenor Square will combine winning elements of both developments offering purchasers flexible options from 90 to 3000 square metres.”

For further details on Central Park Century City offices contact Giles Balmer or Sedica Knight on 021 550 7000.

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