New of­fice is just what the doc­tored or­dered

Weekend Argus (Saturday Edition) - - PROPERTY -

MED­SCHEME has moved into Boule­vard Of­fice Park.

One of the largest med­i­cal scheme ad­min­is­tra­tors and health risk man­age­ment com­pa­nies in S o u t h A f r i c a , Me d s c h e me h a s se­cured 10 000m² in the new R700-mil­lion-plus Boule­vard Of­fice Park de­vel­op­ment in Wood­stock.

Eris Prop­erty Group (for­merly RMB Prop­er­ties) con­cluded the trans­ac­tion with an ap­prox­i­mate cap­i­tal value of R165 mil­lion.

The 38 000m² AAA-Grade of­fice park was de­vel­oped by The Boule­vard Park Trust, which in­cluded Fair­cape Prop­erty De­vel­op­ers and Tre­ma­ton, with fi­nance from Ned­bank Cor­po­rate Prop­erty Fi­nance (Cape).

The de­vel­op­ment con­sists of seven in­di­vid­ual build­ings – three of which were de­signed by dhk ar­chi­tects and four by Peerutin Ar­chi­tects. The el­e­vated East­ern Boule­vard site en­sures mag­nif­i­cent moun­tain, sea and city views.

An­drew Ken­dall, of Eris Prop­erty Group, who ne­go­ti­ated the deal, says Med­scheme’s move was based on its growth plans and that The Boule­vard is con­ve­niently lo­cated, and of­fers large floor plates of 3 500m², six park­ing bays for each 100m², and state-of-the-art se­cu­rity.

There is also a con­ve­nient shut­tle ser­vice to the Wood­stock sta­tion.

C a l l A n d r e w Ke n d a l l o n 0 8 3 303 3581.

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