The exact impact of COVID-19 on offices in South Africa is a key point of debate, but their relevance for the future of business isn’t - offices will continue to be an essential part of doing business during and post the COVID-19 pandemic.

Today, after implementing various sustainable interventions, Vodacom officially launched its newly refurbished Century City building in Cape Town.

For decades, baby boomers ruled the corporate world and, during this time, one of the key hallmarks of a company’s success was always its property; preferably a large, imposing building at a prestigious address where the workers all gathered together daily at the same time to conduct business.

Spear REIT Limited (SEA:SJ) on Friday 1st November announced the acquisition of the Liberty Life Regional Head Office from Liberty Group and 2 Degrees Properties for R 370 million.

Planning for a new 2500 square metre convenience shopping centre near the Curro School in Century City is well advanced with construction expected to get underway shortly.

The Oasis Luxury Retirement Resort in Century City has proved to be a runaway success with all 375 apartments in the six high rise blocks having been sold six months ahead of the last block being completed.

“Spear’s assets under ownership of its core portfolio have increased 117% since the start of the 2018 financial year. The strong performance of the core portfolio stands testament to the value investing nature of management and ability to actively manage assets that generate yield-enhancing returns for shareholders” – CEO Mike Flax.

New convenience shopping centre for Century City

Two exciting commercial developments, including new offices for Discovery, are being developed by Rabie Property Group at Century City to meet ongoing demand from those wishing to relocate to this burgeoning precinct.

Rabie Property Group scooped the 300^th green building certification at the Green Building Council of South Africa at the organisation’s recent 10^th annual convention at Century City.