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May 21, 2015

Matrix offices selling fast

Close on 75% of the offices in a mixed use development, The Matrix, under construction in the all-green Conference Centre precinct at Century City have been snapped up by investors and tenants.

This follows the rapid sell out within 45 minutes of all 51 apartments in the building for a total value of R100million at the residential launch earlier this month.

Jean Theron of developers Rabie Property Group said the Matrix is an eclectic mix of retro and contemporary architecture and styling with retail, office and residential components.

The architecture combines robust facebrick facades with concrete, glass and steel making it an ideal address for businesses wishing to make a strong, creative statement.

The Matrix offers a total of 4587 square metres of offices over three storeys with a further 1283 square metres of double volume showrooms and retail on the ground floor.

“The eight offices on the first floor,  which range in size from 118 square metres to 345 square metres, have all been sold and a further four offices totalling 753 square metres on the second floor and six offices totalling 1127 square metres on the third floor have  all been sold or are under offer.

“So basically only six of the 24 office suites in The Matrix are currently still available. These units vary from 141 square metres to 260 square metres and are selling from R19 662 per square metre excluding VAT.”

With 1350 parking bays in the precinct, buyers and tenants should have no shortage of parking, he said.

According to Theron, negotiations for the ground floor showrooms and retail space are proceeding with interested parties to ensure the best possible tenant mix.

The offices and showrooms are topped by three floors of apartments.

Theron said the location of The Matrix at the heart of  the commercial hub of Century City with restaurants and coffee shops spilling out on to a public Square, added to its appeal for both residents and businesses.

Construction of the Matrix has reached the fourth floor level with transfer and occupation planned for early 2016.

For more information on commercial sales or letting, contact Sedica Knight or Jean Theron on 021 550 7000.


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