The Matrix offices sold out before construction

ALL 24 sectional-title offices in a new mixed-use development, The Matrix, at Century City, have been sold for a total value of around R90 million before construction has been completed.

The Matrix forms part of the R1 billion Century City Square development which includes a 1 200-seat conference centre, a 125-room hotel, restaurants, offices and apartments – all around a public square and served by 1 330 parking bays.

The building comprises 1 300m² of double-volume retail on the ground floor, three floors of offices totalling 4 500m ² topped by three floors of apartments. All 51 apartments in the development have also been sold off- plan for a total of R100m ahead of completion.

Jean Theron of developers Rabie Property Group says the sectional- title offices, which vary in size from 118m² to 345m², have been sold to a mix of owner-occupiers and investors.

“We are now busy letting the sectional-title offices for investors at R165/m² and, as the offices get nearer to completion, interest is picking up strongly particularly among small to medium companies wanting to be situated in this new commercial hub which is populated by large national and international corporates such as Absa, Chevron, Philip Morris and Thomson Reuters.

“The Matrix offers smaller users an opportunity to be situated in this new commercial and hospitality precinct and its edgy mix of retro and contemporary architecture and combination of facebrick façades with concrete, glass and steel, makes a strong creative statement.”

Occupation is expected from early next month with transfers expected to take place on a phased basis from mid-April.

Theron says with more than 1 300 parking bays owners and tenants should have no shortage of parking.

“Flexible parking solutions are available allowing highparking users unrivalled parking ratios.”

He says many factors add to the appeal of Matrix for residents and businesses.

“These include its location at the heart of the new commercial hub of Century City with three restaurants and three coffee shops spilling out onto a public square; its access to highspeed fibre optic connectivity through Century City Connect; its access to public transport with its own MyCiTi stop and within easy walking distance of the Century City Railway Station and the fact it had been developed as a green building which will substantially reduce operating costs in future.”

According to Theron, negotiations for the ground floor showrooms and retail space are proceeding with interested parties to ensure the best possible tenant mix.

Call Theron or Sedica Knight on 021 550 7000.

DEMAND: The Matrix mixed-use development in Century City, where all offices and apartments have been sold before completion.