May­fair of­fices at Cen­tury City sell fast

Weekend Argus (Saturday Edition) - - PROPERTY -

THERE has been a flurry of sales at the May­fair Com­mer­cial de­vel­op­ment near­ing com­ple­tion at Cen­tury City, says Ja­son El­ley of Ra­bie Prop­erty Group, which is de­vel­op­ing the project.

Four of the six of­fice build­ings have now been sold to owner- oc­cu­piers and strong in­ter­est is be­ing shown in the re­main­ing two. May­fair Com­mer­cial com­prises 3 000m² of sec­tional-ti­tle of­fices, and forms part of a mixed-use de­vel­op­ment highly vis­i­ble from Cen­tury Way, one of the ma­jor thor­ough­fares of Cen­tury City.

El­ley says the de­vel­op­ment has proven par­tic­u­larly pop­u­lar with small owner-oc­cu­piers want­ing their own build­ings and cor­po­rate iden­tity. He says Block A was sold to an in­vestor and let to fi­nan­cial ser­vices com­pany iPro­tect, and the other three blocks had been sold to com­pa­nies that will be oc­cu­py­ing their own premises.

Block B has been sold to At The Gate, a com­pany spe­cial­is­ing in ac­cess con­trol and vis­i­tor man­age­ment so­lu­tions, and Blocks C and D have both been sold to IT com­pa­nies, Methys and Ve­loc­ity. All four build­ings are near­ing com­ple­tion and will be ready for oc­cu­pa­tion this month. El­ley says the two re­main­ing dou­ble-storey of­fice build­ings – one of 667m² and the other 374m² – both have large ter­race ar­eas and park­ing on a ra­tio of four bays a 100m². These build­ings will be ready for oc­cu­pa­tion by the end of the year.

“Now that po­ten­tial buy­ers and ten­ants can see the qual­ity of the de­vel­op­ment, its lo­ca­tion and the ex­cel­lent cor­po­rate ex­po­sure to be had, in­ter­est has picked up strongly and we ex­pect the re­main­ing build­ings to go quickly.”

El­ley says May­fair Com­mer­cial is in an ex­tremely pop­u­lar node con­ve­niently lo­cated within close walk­ing dis­tance of the MyCiTi bus ter­mi­nus, Canal Walk Shop­ping Cen­tre, restau­rants, a school and a crèche.

“Oc­cu­pants will also be able to ac­cess ad­di­tional park­ing at Cen­tury City’s e-park­ing fa­cil­ity and will have ac­cess to Cen­tury City Con­nect, Cen­tury City’s open ac­cess fi­bre-op­tic net­work.”

The of­fices are be­ing sold for between R20 000/ m ² and R22 500/ m ² , ex­clud­ing VAT, with ren­tals at around R155/m².

For de­tails, call El­ley or Sed­ica Knight on 021 550 7000.

All four build­ings at May­fair Com­mer­cial in Cen­tury City are near­ing com­ple­tion and will be ready for oc­cu­pa­tion this month.

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