Grosvenor Square, a new sectional title office park aimed at small to medium size owner occupiers and tenants, is to be developed at Century City to meet ongoing demand in the burgeoning precinct.
The R120million development, designed by Tim Hughes Architect, will comprise a total of 5364 square metres of A-grade low rise offices in five buildings set around a picturesque courtyard and offering flexible options to purchasers from 90 square metres to 2000 square metres. Already 9 of the units have been sold with Block D under offer.
The launch of Grosvenor Square follows the successful sell out of the neighbouring Quays office development which provided 39 sectional titles units ranging from 41 square metres to around 400 square metres and Central Park, a low rise 18 000 square metre office park development comprising mostly standalone buildings and catering for larger users.
Kutlwano Rasodi, Rabie project manager, said Grosvenor Square, which will have manned security, will comprise winning elements of both Central Park and Quays.
“The buildings – four two-storeys and one three storeys – have been designed in such a way that we can offer buyers offices from 90 square metres to 150 square metres; 200 to 300 square metres or 450 square metres.”
Grosvenor Square is to be built on a high visibility site in the sought-after Central Park precinct and bordered by two of the main roads in the precinct, Century Boulevard and Century Way.
It is situated across from the landmark Samsung Smart Care Centre and close to the water-fronting Quays development which includes a TriBakery neighbourhood restaurant.
Rasodi said Grosvenor Square would provide a total of 200 parking bays – 170 basement bays and 30 open bays – on a ratio of four per 100 square metres with units selling at R22 000 per square metre, inclusive of parking and A-Grade tenant installation including all internal finishes and air conditioning.
A limited number of store rooms are also available for sale.
She said Grosvenor Square purchasers will have access to an efficient network connection through 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 from a multitude of Independent Service Providers (ISPs).
To meet a growing demand from purchasers keen to reduce their carbon footprint, communal bicycle storage facilities will be provided as well as shower and change rooms. The building is also conveniently located for the MyCiTi bus service which in future is planned to run right past the site.
Construction is scheduled to start in September this year with completion in September 2015.
The professional team includes De Vos Paxton (Civil & Structural Engineering), JD Reitz (Mechanical & Electrical Engineering); Planning Partners (Landscape Architects) and Strong Consultants (Quantity Surveyors).
For further information on these Century City offices and to view a scaled model of the development contact Giles Balmer or Sedica Knight on 021 5507000.