Firm acquires Cape office project

01 Jul 2008

A property investment company has recently acquired an office development in Cape Town's Tygervalley.

"The Tygervalley commercial hub, owing to good quality tenants and high property demand in the area, has seen capitalisation rates hold steady over the past year. This has happened even with the recent adjustment of lending rates as investors in the current market find it difficult to find quality stock," says Elton Faber, director of Capital Investments Properties.

Close to Tygervalley Shopping Centre, Tyger Chambers 3, Block C comprises five levels with lifts, upmarket finishes and a deck area supplied with each office. Secure basement and open parking are also available. It will also contain a gym and canteen.

The total lettable area of 2,767sq m (excluding common areas and circulation space) is available at a rate per square metre from 28 February 2008.

For more information contact Brad Esch on 021 914 4117 or send an email.

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