03 May 2013
Sycom Property Fund has agreed to purchase the completed Roggebaai Place development from Braamcor - a 14 storey office block that will be a highly visible addition to the Foreshore’s fast expanding skyline.
The R285 million development is a positive indication of the confidence in Cape Town’s CBD and has further cemented its future as a premier office node.
Strategically located on the Foreshore, the financial district of the CBD, the development is surrounded by buildings housing some of the country’s corporate giants including Vodacom, Investec, Edward Nathan Sonnenbergs, Webber Wentzel, ABSA and Metropolitan, among others.
The location affords the tenants of Roggebaai Place views of the CBD, the mountain and of Table Bay harbour.
The modern facade of the building will be composed of glass, steel and concrete finishes, creating an overall effect of a corporate building that befits the premier global business destination of the Cape Town CBD.
Furthermore, Roggebaai Place is situated a stone’s throw away from the prominent hotels such as The Cullinan and Southern Sun and is also within close proximity to the Cape Town International Convention Centre (CTICC), venues crucial for business conferencing and networking
“It really is encouraging to see the hive of activity around Roggebaai Place after a two year construction delay.
“The crane anchored next to the development is a promising symbol of a market that is showing positive signs of recovery; it is also yet another vote of confidence in the Cape Town CBD as a sought-after premier business destination,” says Rob Kane, chairman of the Central City Improvement District.
In line with the tenants located in the neighbouring buildings, Roggebaai Place is well positioned to accommodate the needs of national corporate tenants with employees that commute into the CBD from across the metro.
Boasting six levels of parking (at a ratio of 4 bays per 100 square metres), easy access to the N1 and N2 motorways and 24/7 security with controlled access, the building is also conveniently located within close proximity to the MyCiti bus station and to the train, bus and taxi stations.
Recognising the role and contribution of smaller businesses to a thriving city’s economy, Roggebaai Place has been designed to allow for tenancies of 450 square metres to 1 800 square metre per floor.
Smaller tenancies will have a presence off the central lobby area of every office level.
The ground floor of Roggebaai Place will house retail space, which will lead onto Roggebaai Square.
“This mixed-use consideration in the design of the building is in keeping with trends of world-class functioning cities that recognise the need for a building to serve multiple purposes, especially at ground floor level which are the spaces that commuters and inhabitants of a city interact with the most,” says Kane.
“Our decision to increase our investment in the Foreshore was a natural and logical one as we already hold a prime asset in the area through our ownership of ENS House,” says Minko Rynkiewicz, asset manager, on behalf of Sycom Property Fund.
Rynkiewicz, adds that this is definitely Cape Town’s premier office node and a great location for any business that would like to be located in the heart of the city’s corporate district.
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