Eris Property Group and Momentum Property Investment present R100m Development project

Posted On Wednesday, 26 March 2014 16:15 Published by
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ERIS Property Group and Old Mutual sign long-term tenancy agreement for office space in new Ridgeside Office Park for 1900m² and will occupy the premises from 01 December 2014.

Ridgeside

Construction of the most desirable and sought after corporate address in the greater Durban Region is nearing completion at Ridgeway Office Park and will become home to the new Regional Head Quarters of Insurance Giant Old Mutual.

The plush office buildings consisting of two buildings each approximately 2000m² provides direct access for commuters from Durban's national highways and main roadsas its situated within the last pocket developable land on the sea facing hills of the Umhlanga Ridge Precinct.

Eris Property Group in partnership with Momentum Property Investments is proud to present the R100Million Development project "Ridgeview", its new commercial office development within the exclusive Ridgeside Office Park.

"The site has uninterrupted sea views from an elevated corner stand over a landscape green corridor," said Lance Meyer Development Manager of ERIS Property Group.

"It's a fantastic transaction for all parties involved, mostly for Old Mutual, we are getting a building with timeless modern design with exceptional finishes that allows for flexible spatial planning," said Vikash Maharaj Regional General Manager of Old Mutual Personal Financial Advice, Kwazulu Natal Region.

The technical characteristics of the corporate office park are fully consistent with international standards of premium grade office space. Engineering, ventilation and fire safety systems, which are controlled by an automatic control system, conform to the highest criteria of reliability and modern technology.

The office park has uncompromised SECURITYbecause it is located within a well-managed precinct utilising CCTV and roaming security patrols ensuring the safety and security of tenants. Ample parking for 209 cars is another advantage of the site, which is located in the exclusive Ridgeview Office Park.

"The development will not only attract key blue chip tenants entrenching north of Durban but allows for ample investment opportunities into Kwa-Zulu Natal and particularly the La Lucia Ridge area," said Lance Meyer.

"We are set to deliver a truly spectacular building at Ridgeside Office Park — the pinnacle of theUmhlanga Ridge Precinct," said Lance Meyer. "These new designs wonderfully present the elegance and sophistication we are bringing to our tenants and the neighbourhood."

"There is no question that tenants are responding to this world-class project, as we are actively speaking with several major companies who are considering Ridgeview as their new office locations," says Debby Kippen, Regional Manager (Kwa-Zulu Natal) of ERIS Property Group.

Last modified on Wednesday, 26 March 2014 18:55

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