SA's biggest listed property fund acquires sizeable asset

Posted On Monday, 02 July 2012 13:01 Published by
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Growthpoint Properties Limited has acquired a premium R210 million office building, Menlyn Corner, in Pretoria. The 10,000sqm AAA-grade asset located on the corner of Atterbury Road and Lois Avenue in Menlyn enjoys prime position on a landmark corner in the growth node of Menlyn

Rudolf Pienaar, Growthpoint Properties Divisional Director for Offices explains: “Menlyn offers many unique benefits for the Pretoria office market. This investment has allowed us to further our green building drive and enhance our portfolio of quality investments.”

Debbie Theron of Growthpoint Properties Offices Division reports: “Menlyn is a major commercial growth area. It’s experiencing increased demand and is swiftly becoming a strong banking and financial hub, with Investec, Alexander Forbes, Nedbank, RMB and FNB, amongst others, moving into this node.”

Contributing strongly to its growing popularity with business is Menlyn Corner’s excellent synergy with surrounding amenities. Menlyn Corner is directly opposite the retail convenience of Menlyn Shopping Centre and next to the lifestyle offering of the upmarket mixed-use Menlyn Piazza. It is also well served by public transport and on the Gautrain Hatfield Station bus route. Growthpoint also owns the adjacent property, Menlyn Square.

With superb access from two N1 Highway off-ramps – at Atterbury Road and Garsfontein Road – Menlyn corner offers easy access to both the north and south our Pretoria.

The five-level multi-tenant quality office development features an elegantly airy modern reception lobby on ground level. It has access control and around-the-clock security with CCTV. Menlyn Corner provides generous secure covered basement parking for staff and visitors alike.

Offices at Menlyn Corner start at 330sqm, to 10,000sqm, and provide flexibility for tailor-made space planning and design. 

Menlyn Corner is benefiting from Growthpoint’s top energy-efficiency expertise; it’s strong push towards energy-efficient buildings and sustainable development means it is emerging as SA’s innovator in green offices having already achieved two 4-Star Green Star certifications for recent office developments. It will also be seeking certification on five further developments and has developed over R3 billion in new offices.

“When we build new offices, we strive to balance aesthetics, functionality, flexibility, sustainability and energy efficiency. Our ultimate goal is to provide the best experience for users. We believe that we have achieved this at Menlyn Corner,” says Pienaar.

Energy efficient measures at Menlyn Corner include a specially designed glass façade, heat pump temperature control, and an air-conditioning that allows for small zones activation.

The building also meets the latest specifications. The façade of Menlyn Corner is designed to the new energy standard SANS 204 and energy regulation SANS 10400 Part XA. The offices meet the new fresh air regulation SANS 10400 Part 0, and provide 100% more fresh air than formerly required.

“Menlyn Corner’s prominent glass facade also makes best use of the magnificent views to the east, and its wide frontage on Lois Avenue, affording businesses enviable signage visibility on this busy road,” notes Theron.  The building also features natural stone finishes and water-wise landscaping.

Construction of Menlyn Corner began in late 2011 and will be complete in early 2013.

Last modified on Monday, 02 July 2012 13:14

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