The most expensive office space in South Africa will soon be located in an iconic position in the city of Cape Town.

The 16th storey penthouse suite of Cape Town's premier business address, the superbly located Convention Tower, will be available at R200/sq m for some 1,200sq m of office space and balconies.

"As an international business location its profile is unparalleled. It is situated in a landmark location at the heart of Cape Town's new financial district, adjoining the most successful international convention centre in the southern hemisphere," says Darren Wilder, leasing director of Madison Property Fund Managers.

The space offers panoramic views with glazing on three sides, finishes in marble and granite and it benefits from the premium international-standard facilities and services of Convention Tower.

"We expect a multinational conglomerate will take this elite space and have already had various enquiries, including several from the UK, seeking this high profile quality space," says Wilder.

The penthouse in Convention Tower is complemented by eight storeys of blue-chip businesses and four levels of secure internal parking offering the some highest parking ratios in Cape Town of 4 bays per 100sq m, as well as unlimited surrounding visitor parking.

Convention Tower, which is being developed by Madison Property Fund Managers for Redefine Income Fund, is already 80% let and has secured over the lower office levels leading professional and blue chip tenants such as Accenture, Webber Wentzel Bowens (WWB), Tullows Oil, Thou Gaming and Habitaz, at rental levels up to R120/sq m. The first tenants will take occupation later this year with the penthouse scheduled for occupation in early 2008.

The AAA-grade office space is destined to be a landmark on the Cape Town cityscape located at the core of the city's top merchant bankers, financial firms and attorneys. It offers a comprehensive diversity of facilities and services from a classic concierge to cutting-edge connectivity.

"One of the most attractive features of Convention Tower for business is the Foreshore location with excellent access. Cape Town International Airport is a mere 15 minutes away, and public transport, five of the city's top hotels as well as a wealth of shopping, restaurants and entertainment at the Victoria and Albert Waterfront, are all located less than a minute's walk away," notes Wilder.

For more information contact 021 424 1000.

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