Central Park third phase launching soon
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 to be launched shortly. This follows the successful completion of the first two phases of the development comprising 10 standalone buildings totalling around 12 000 square metres . Giles […]
Chevron South Africa to build new HQ at Century City
Chevron South Africa plans to relocate its South African headquarters to Century City. The group has acquired a gateway site at Century City from the Rabie Property Group on which it is to build a new 9000 square metre green head office. The building is being designed by Louis Karol Architects who were up against […]
Century City outperforms office market
The latest SAPOA office vacancy survey shows that while vacancies in six out of the seven Cape Town offices nodes rose in the fourth quarter of 2011, Century City bucked the trend with vacancy levels falling to 8,5% from a high of 12,9 percent in August 2009. The Cape Town office vacancy factor overall rose […]
Century City residential : High demand for rental units sees return of investors
Demand for residential units to let at Century City has continued to soar with buy-to-let investors returning to the market on the back of shortage of rental stock. Two of the main letting agents, Property World and Property Café, ascribe the popularity of the precinct to the growing commercial component at Century City with over […]
Century City offices : New sectional title offices for Century City
A new block of prime sectional title offices is to be built at Century City at a cost of R37 million to meet pent-up demand for small to medium size offices in the precinct. The 2200 square metre building, to be known as The Courtyard, will comprise 18 units ranging in size from 63 square […]
Century City offices : Baroque Medical acquires Century City offices
Baroque Medical, suppliers of medical equipment and pharmaceutical products, has acquired a new standalone 360 square metre office building currently under construction at Century City. The building will serve as the new Cape Town offices for the Johannesburg-based company which has outgrown its current premises in the Cape Town CBD. The purchase price of the […]
Kenilworth offices : New R80million sectional title office park for Kenilworth
A second phase of the extremely successful Greenford Office Park adjacent to the Kenilworth Race Track is to be built at a cost of just over R80million. Surrounded on three sides by a nature reserve and enjoying spectacular mountain views, the site is the last remaining one for development in the area where there is […]
Century City offices : Moore Stephens SA relocates to Century City
Accountancy firm Moore Stephens BKV Inc. has relocated to Century City, taking just under 2000 square metres in The Gateway office block on a long lease. Moore Stephens BKV Inc. has been operating since 2003 and is part of the Moore Stephens International Association (MSI), one of the world’s major accounting and consulting networks with […]
Century City offices : Where are we in the property cycle?
Giles Balmer of Rabie Property Group shares with us his amateur’s guide to the commercial property cycle. Is the property market currently in a state of flux? Are we still in a recession? Are the banks still professing a recovery (yet their vaults are seemingly still bolted shut)? And are we still heading into double […]
Gatehouse at Century City proves to be runaway success
The Gatehouse, a 3000 square metre, triple-A grade sectional title office block on a gateway site at Century City, has proven to be a runaway success.
Sedica Knight of developers Rabie Property Group said 21 of the 23 sectional title offices in the three-storey office building had been sold while the two units retained by the developer had been let.
“Three of the units were sold to owner occupiers and the other 18 to investors who have been capitalizing on the current low interest rates.