Century City conference centre

Century City conference centre part of the R4,3 billion development at Century City

The Square Century City conference centre

Artist impression of a new mixed-use development, The Square, is to be built at Century City at a cost of R1 billion.

 

Century City is booming with new hospitality, residential and commercial developments totalling more than R4,3 billion recently completed,  under construction or in the pipeline.

These include a R1 billion mixed use development, The Square, in the Bridgeways precinct at the Ratanga Road entrance to Century City which will comprise:

  • A 900 seat Conference Centre with 12 meeting rooms and a business class lounge,
  • a 125 bedroom hotel
  • showrooms with residential apartments above
  • A 8800 square metre office block with ground floor restaurant and service retail
  • A structured parking garage linked to the Conference Centre

Century City Conference Centre

This is the largest development undertaken to date by the Rabie Property Group at Century City and will bring more than R21billion the value of development which has taken place in the 250ha mixed use precinct since the first sods were turned in 1997.

Work on this mega development, which will be anchored by a multi-functional Square and will be set over a super parking basement, has started with completion due for end 2015.

John Chapman, a director of the Rabie Property Group, which has been responsible for the bulk of development undertaken to date and which owns the remaining undeveloped land and associated rights, says Century City is now home to more than 500 businesses and 3000 residential units with an estimated 50 000 people now living or working in the burgeoning precinct.

Other new commercial projects currently under construction or in the pipeline include:

  • The 18 000 square metre Bridge Park office development being undertaken in a joint venture with Growthpoint at a cost of R375million.
  • The 9500 square metre Chevron’s new head office costing in excess of R200m
  • An 11 000 square metre office block, Canal Plaza at a cost of R250m
  • The R120m Grosvenor Square sectional title development comprising a total of 5400 square metres of offices
  • Three other office buildings in Park Lane being developed for tenants at a total cost of R100million
  • Three office buildings and a Day Hospital in Central Park at a total cost of R110million
  • Two office blocks for Triocon House and Horizon Capital in The Estuaries at a cost of R42million
  • A 3400 square metre building in Waterview Park at a cost of R68million
  • A R45m extension to Canal Walk and further retail expansion in the pipeline but not accounted for in the R4,3billion.
  • A 4900 square metre office block for Electro Mechanica in Century Gate precinct at a cost of R73m.
  • An additional office block for Aurecon of 3000 square metres totalling R70m
  • 3000 square metres of offices totalling R60m in a soon to be launched new mixed use development

Residential developments underway include the R260million third apartment block in the Oasis Luxury Retirement Resort nearing completion and Ashton Park comprising 147 units at a total cost of R270million. Three further phases are planned at Oasis with one of these – a block of 45 units for a total R220m expected to be launched before the end of the year.

Recently completed residential developments in the precinct include Quayside and Quaynorth providing at total of 91 units at a cost of R143million while 140 units totalling R270m are planned as part of a new mixed use development, Mayfair, to be launched later this year.

Commercial developments completed in recent months include the 4000 square metre The Business Centre and the 4000 square metre Philip Morris offices, each developed at a cost of R85m, six office blocks in Park Lane totalling R83m, 39 sectional title office development of 3600 square metres, The Quays for R82m and an R85m office block in the Estuaries for Old Mutual Private Wealth.

Over and above this infrastructure projects totalling R130m are planned or being undertaken including R45m of  roads and canals in the Bridgeways precinct,  an R18million upgrade of Sable Road, the R16million rollout of Century City Connect – Century City’s cutting-edge, open access fibre optic network which is enabling the country’s fastest voice, broadband and multi-media services and a R36million trunk terminus for MyCiTi .

Chapman said there were  numerous factors contributing to the success of Century City, not least of all its central locality, its high standard of infrastructure and services, its safety and security, its very strong public transport offering including MyCiTi and the high quality of life offered in the precinct with a wide array of world class amenities from schools to gyms, Intaka Island and Canal Walk literally in walking distance and the emergence of a strong community spirit with sports clubs, churches and the like having mushroomed in recent years.

“Strong demand for offices in the precinct has also seen Century City office vacancies dropping and currently at a comparatively low 6% which has been driving new development while the residential market has attracted both owner occupiers and investors, the latter of which are practically secured a tenant from day one as rental demand strongly outstrips supply.”

When fully developed Century City will comprise a total of 1,25million square metres of bulk, of which just over 1 million square metres has been built or is in the pipeline, said Chapman.

“So there is still some way to go and, as with development to date, the rollout of the balance of rights will be driven by market demand.”

27 Comments
  • Nicola Villairni

    May 14, 2014 at 9:27 am

    Exciting stuff!

  • Janet Wishnia

    May 14, 2014 at 9:36 am

    Fantastic! They were talking about the development at Century city on Cape Talk this morning -saying that it is busniess entrepeneurs like “us” (no names mentioned) that are creating job opportunities helping to drive the economy.

  • faldiela

    May 14, 2014 at 9:36 am

    Very exciting news! Working in Century City and watching it grow so rapidly is awesome!

    Century City is the place to be, you really can do everything here, shop, work, live and play… says it all!

    Thank you Rabie Property Group and good luck with all your future developments. As we all know, with every new development comes more job opportunities, Rabie Rocks!!

  • E. Parker

    May 14, 2014 at 9:39 am

    Looks great.

  • Craig

    May 14, 2014 at 9:51 am

    Now thats exciting. Long overdue for the area.
    Thanks Rabie!

  • Mark Koevort

    May 14, 2014 at 9:55 am

    Amazing the amount of development that has taken place over the years. Really becoming a hub of growth, a city within the City. A proud landmark for the City of Cape Town.
    Dream location for any office.

  • Leonie

    May 14, 2014 at 10:19 am

    Fantastic news! Century city is definitely the place to be. Well done Rabie!

  • Virgil Wepener

    May 14, 2014 at 10:35 am

    Great stuff , Exciting times for Century City and Rabie

  • Colin Thorne

    May 14, 2014 at 10:35 am

    Really exciting stuff coming from the ever dynamic Rabie crew. Keep on keepin on guys!!!! All the best for your current and future developments

  • Charmaine Truter

    May 14, 2014 at 10:46 am

    Very impressive! Rabie – always capturing the essence of what is required, and performing well beyond expectations. Well done! Looking forward to experiencing it all!

  • Glyn

    May 14, 2014 at 10:56 am

    Perfect way to compliment and enhance existing infrastructure within Century Century.

  • BT TAYLOR

    May 14, 2014 at 10:59 am

    Century City is surpassing all developments within South Africa as “the” destination to work, live & play! The new Conference Centre will add to the multifaceted and diversified aspects of Century City. It’s central location is a winner and will also provide employment to hundreds and add to the tourism growth within the Western cape. Well done RPG!

  • Marguerite

    May 14, 2014 at 11:06 am

    The amount of development since inception 17 years ago, particularly in the past 10 years since Rabie took over the reigns, has been nothing short of incredible. The momentum sure looks unstoppable. Great news for Cape Town as a whole.

  • Gino

    May 14, 2014 at 11:13 am

    Looks great, thanks Rabie for creating job opportunities for the economy to grow.

  • Richard

    May 14, 2014 at 11:15 am

    Wow ! Only at Century City would you see development like this ! If only the rest of the country could develop like this,the economy would be booming !

  • Chris

    May 14, 2014 at 11:37 am

    To think of it this place was alost sand and dunes 17 years ago, and now it is competing with the best cities in the world and creating employment for thousands of people…well done to Rabie property group for their vision and execution.

  • Shaun Harker

    May 14, 2014 at 11:53 am

    Some wonderful development and from the pictures the end product will look stunning. Really convenient space to work as it has quick access to almost everything Cape Town has to offer.

  • Craig N

    May 14, 2014 at 1:02 pm

    Really look forward to exciting opportunities in the very near future. What a dynamic company.

  • Steve D

    May 14, 2014 at 3:07 pm

    Wow, yet another feather in the cap of Rabie, looks amazing!!! More development equals more jobs and a better Cape Town for all

  • Sedica Knight

    May 14, 2014 at 4:30 pm

    excited about The Square coming on stream. It will add another dimension to the already strong list of offerings available at Century City. It’s going to be the heart of the precinct. Can’t wait!

  • Celeste Lloyd-Jones

    May 14, 2014 at 6:46 pm

    This certainly looks like a world-class facility with the potential to compete on a global scale. Exciting times for Rabie and it’s management. Good luck with the development!

  • Ricky Collins

    May 14, 2014 at 7:46 pm

    Developments like this ensures that Cape Town stays the number 1 destination in Africa for business and pleasure. Keep it up Rabie!

  • Brian Usher

    May 15, 2014 at 9:01 am

    Excellent news for Century City, this is definitely going to add to the investment value of all properties within Century City.

  • Rabie

    May 15, 2014 at 10:30 am

    Absolutely stunning well done to all jonnie Rabie

  • Arthur Garnett

    September 30, 2014 at 10:24 am

    We would like an invite please.

    • Natasha

      October 1, 2014 at 9:44 am

      Thank you for your interest. We have emailed you an invitation. Looking forward to seeing you at the launch!