Saturday, 04 August 2012 20:46

R75m in office acquisitions at Century City

Commercial property investors are returning to the market and have snapped up three Century City office blocks for a total cost of more than R75million in the past couple of months

All 18 office suites in a sectional title office block at Century City have been sold ahead of the building completion. The 2 200 square metre building in question is part of the 18 000 square metre Central Park low rise office park.

Sedica Knight of the developers, Rabie Property Group, said the office suites range from just over 60 square metres to just over 220 square metres with purchasers being fairly evenly split between owner occupiers and investors

Despite improvements to Century City's vacancy rate, concern at city level still persists. That being said, Giles Balmer of developers, Rabie Property Group, maintains that sales and lettings in phase two of Central Park, the Courtyard precinct, have gone well and has spurred the group on to launch phase three shortly

A new 4000 sqm office block is to be developed at Century City, Cape Town, at a cost of R85million for The Business Centre group which claims it now represents the largest serviced-office infrastructure in the country

The Rabie Property Group is to develop a R150m sectional title office development in Cape Town's mixed-use precinct Century City in response to strong demand for office space

Friday, 06 October 2006 02:00

Five new bridges completed at Century City

Major new infrastructure projects including the construction of five bridges have been completed at Century City at a cost of R60m in recent months.

Tuesday, 11 October 2005 02:00

Nedbank to fund Century City

Nedbank Corporate Property Finance has confirmed its leading position within the Cape property financing sector - and its lending position at Century City - by signing one of the most sought-after deals in recent years.

Page 7 of 7

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