Growth­point be­gins Exxaro project

The Star Early Edition - - NEWS - Sizwe Dlamini

GROWTH­POINT Prop­er­ties, South Africa’s lead­ing real es­tate in­vest­ment trust (Reit), has com­menced its mult­mil­lion-rand devel­op­ment of a new head of­fice for Exxaro, one of the largest South African-based di­ver­si­fied re­sources com­pa­nies.

The R600m devel­op­ment of the new Exxaro head­quar­ters is the sec­ond phase of Growth­point’s re­de­vel­op­ment of the prime Lake­side of­fice site on West Street, Cen­tu­rion, di­rectly op­po­site the Cen­tu­rion Gau­train Sta­tion.

Exxaro’s new cor­po­rate head­quar­ters will con­sol­i­date its of­fices in Pre­to­ria and Joburg into a sin­gle, thriv­ing workspace, lo­cated at a con­ve­nient mid­point in an ac­ces­si­ble lo­ca­tion for its staff and busi­ness part­ners.

Growth­point’s highly skilled devel­op­ment and workspace de­sign team is de­liv­er­ing an in­no­va­tive green build­ing. Exxaro, which has busi­ness in­ter­ests lo­cally as well as in Europe and the US, will oc­cupy all of the new build­ing’s 18 500m² of gross let­table area on a long lease.

The devel­op­ment broke ground in Fe­bru­ary and con­struc­tion will com­mence from Septem­ber this year. It will be com­plete for oc­cu­pa­tion in 2019, when it will be able to ac­com­mo­date up to 1 400 Exxaro staff mem­bers.

Growth­point Prop­er­ties of­fice divi­sion director Ru­dolf Pien­aar said: “We are ex­cited to develop this new head of­fice, tai­lored to meet Exxaro’s spe­cific re­quire­ments that will be a healthy and en­er­gis­ing work­ing en­vi­ron­ment for this lead­ing busi­ness, its peo­ple and its part­ners to thrive.”

For its de­sign, con­struc­tion and op­er­a­tion, the new Exxaro head of­fice is in tune with top com­mer­cial build­ings in the world’s most prom­i­nent ur­ban cen­tres.

Re­flect­ing Exxaro’s en­vi­ron­men­tal com­mit­ment, the build­ing is de­signed for a 4-Star Green Star SA cer­ti­fi­ca­tion from the Green Build­ing Coun­cil of SA (GBCSA), which is also in line with Growth­point’s high-en­vi­ron­men­tal stan­dards for its of­fices.

Exxaro chief ex­ec­u­tive Mx­olisi Mgojo said: “The new lo­ca­tion and style of the build­ing is aligned with our strat­egy on in­no­va­tion and con­sid­er­a­tion for car­bon emis­sions re­duc­tion.”

“Growth­point’s new devel­op­ment for Exxaro also sig­ni­fies the be­gin­ning of the ur­ban trans­for­ma­tion along the com­mer­cial edge of Cen­tu­rion and ap­proach­ing the Gau­train sta­tion,” said Nico de Jager, re­gional as­set man­ager for the of­fice sec­tor of Growth­point.

“Work­ing with the City of Tsh­wane, Growth­point is up­grad­ing the roads and traf­fic flows in the area, in­clud­ing adding a new right-turn lane from Ger­hard Street into West Av­enue,” said De Jager. Traf­fic sig­nal set­tings on West Street, around the build­ing, will be re­fined. Also, Growth­point is work­ing with the city to cre­ate a vi­brant pedes­trian walk­way.

“We are in­vested in im­prov­ing the ar­eas sur­round­ing the new Exxaro head of­fice. This re­sponds to the grow­ing pop­u­lar­ity of the area, in­creas­ing devel­op­ment… and the higher num­ber of peo­ple who ac­cess the area through West Street,” said De Jager.

Growth­point is the largest South African pri­mary listed Reit and is be­com­ing a lead­ing in­ter­na­tional prop­erty com­pany.

It also owns a 26.9 per­cent stake in the €1bn (R14.92bn) prop­erty port­fo­lio of Lon­don Stock Ex­change Al­ter­na­tive In­vest­ment Mar­ket-listed Glob­al­worth Real Es­tate In­vest­ment, the largest owner of of­fice space in Ro­ma­nia.

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