90 Grayston Sandton redevelopment supports advanced world city status

Posted On Wednesday, 12 June 2013 09:48 Published by Commercial Property News
Rate this item
(0 votes)

Redefine Properties’ R505 million redevelopment of the 90 Grayston commercial office address contributes to the vibrant and constant upgrade of Sandton, ensuring it keeps pace with other advanced cities around the world.  

90 Grayston SandtonSo explains Mike Ruttell, Redefine Properties' Head of Development. He advises the project – Redefine's single largest commercial office development to date - is on track for completion in July 2014.

Redefine is developing a 16-storey premium-grade office building of 19,343m2 at 90 Grayston in Sandown, central Sandton. It includes 11 levels of parking – five basement and six above ground, achieving a parking ratio of nearly five bays per 100m2. There are nine levels of offices above an elevated atrium, and the building will also have its own cafeteria.

Ruttell says: "The 90 Grayston flagship development furthers Redefine's strategy of achieving a range of higher quality premium-grade properties in our investment portfolio. We are making good progress on the development, and it is exciting to see this landmark taking shape in the sought after central Sandton node."

Superbly placed in the heart of Africa's business hub, next to the Investec building, 90 Grayston is being redeveloped on the site of the former Allcare House, demolished in March 2012. It's surrounded by an impressive line-up of blue-chip companies, leading legal firms as well as banking giants, and is only a short walk from the JSE.

"The Sandton business hub has unmatched appeal as a corporate address," says Ruttell. "It provides an exceptional selection of amenities with hotels, gyms, conference centres and wide-ranging retail including Sandton City, one of the most prestigious malls in Africa."

City Improvement District Manager for Sandton Central Management District, Elaine Jack says: "Redefine is a one of our big partners in shaping Sandton and we do value its investment and confidence in the future of Sandton. Every development in Sandton Central is a welcome addition to the district as it can only mean that developers and property owners value the importance of this node."

With its central location, 90 Grayston is easily accessible from the highway and important northern suburb arterials including Rivonia Road, Katherine Street, Sandton Drive and William Nicol Drive. It is also near the Sandton Gautrain Station, which is the quickest route to O R Tambo International Airport, providing a direct link.

"90 Grayston represents an iconic, sustainable office development which optimises energy consumption, reduces running costs and uses resource-efficient methods of construction and installation of services," says Ruttell. The building will achieve a GBCSA Four Star Green Star rating.

Incorporated in its forward-thinking vision, the building's two top parking levels are designed to be reclaimed as offices, as South Africans increase their future use of public transport.

90 Grayston's extremely flexible design creates a superior quality business building ideal for branded corporate headquarters or a vibrant multitenant environment for offices starting from around 1,250m2.

Most Popular

Investec Property Fund launches first REIT sustainability-linked ESG bond in Africa

Apr 22, 2021
Investec Property Fund (‘IPF’ or ‘the Fund’) today became the first South African real…

EPP’s new app takes tenant relations to the next level

Apr 22, 2021
Johannesburg Stock Exchange listed EPP, Poland’s biggest retail landlord, continues to…

4 simple rules to getting a good credit score

Apr 21, 2021
Make buying your dream home an informed purchase by knowing your credit score.

Rethinking office space in post pandemic SA

Apr 20, 2021
Since the beginning of the pandemic, one of the biggest questions in real estate has been…

Still time to bond as economist says modest interest rates hike likely only in 2022

Apr 16, 2021
After the five aggressive repo rate cuts last year that dropped the prime lending rate to…

Please publish modules in offcanvas position.