Blend Property Group acquisition of the property 15 on Orange

Posted On Saturday, 21 September 2013 06:15 Published by Commercial Property News
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Blend Property Group acquired mixed-use development 15 on Orange. 

15 on OrangeA landmark property in the heart of Cape Town, developed as a mixed-use residential, retail and hotel product in 2010. The hotel, known as African Pride 15 on Orange, is regarded as one of the most luxurious hotels in Cape Town, offering above average sized rooms and exceptional services.

The property offers real advantages for both business and tourist travel. Located close to many of Cape Town's main tourist attractions, such as the Company Gardens, Parliament, Table Mountain and the Waterfront, the property is in the ideal location.

The property also offers world class conference facilities to both its guests as well as day conferencing. Catering for from 2 to 200 people.

The residency component of the hotel boasts an exclusive floor of high end apartments with both city and mountain views. From 1 to 3 bedroomed apartment with secure parking and storeroom facilities, these can be considered the pinnacle of luxury living in the city.

Blend Property Group is a privately held property investment Company based in Cape Town. The Company focuses on assets located in the major metropoles around South Africa.

The Company uses a fully integrated property approach, electing to administer and manage their own properties. Being a long term value investor, the Company believes it is able to utilise its skills within its organisation to unlock the potential of their assets.

It is with this in mind that Blend believes the acquisition of the property 15 on Orange fits into its portfolio. It plans to undertake a number of initiatives that will enhance the property further over time.

The hotel will continue to be known as African Pride 15 on Orange Hotel and remains under the management of the Protea Hospitality Group.

Last modified on Saturday, 21 September 2013 06:25

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