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INFRASTRUCTURAL WORK WELL UNDER WAY AT PRETORIA'S ICONIC GREEN CITY, MENLYN MAINE

Work on infrastructural installations such as water, electricity, sewage and communications is well under way at Menlyn Maine, described as the first connected green city in Africa, and located in the Menlyn node in Pretoria's affluent eastern suburbs. Just 12km from the capital's CBD and accessed via two off ramps from the N1, this major, groundbreaking mixed use development is also connected to the Gautrain system via the Rapid Bus Link at Centurion Station.
 
Comments Thys Greeff, leasing, sales and investment broker for Pam Golding Commercial (PGC) in Pretoria, who are marketing commercial property at Menlyn Maine: "Infrastructural work will be completed by the end of January 2010 with the first building to commence construction in February (2010). The upgrade of the Garsfontein offramp is due to open next month (November) while the Atterbury offramp and other road upgrades are progressing well, as is the upgrading of the Highlands Electrical substation. The timeline for completion of the entire project is five years."
 
Menlyn Maine incorporates 143 000sqm of new office space, 44 000sqm of retail and 100 000sqm of residential and hotel space, as well as some 5700sqm of scenic parklands with indigenous landscaping. PGC are now marketing mostly office accommodation to let, ranging in size from 500sqm, in addition to a limited supply of sectional title space ranging from 300sqm in size which is available for purchase. The retail component has already been taken up directly via the developers, Menlyn Maine Investment Holdings which comprises a partnership of Ice Finance, Equity Estates, GP Property Investment Holdings, Nedbank and Absa Bank. Menlyn Maine Investment Holdings have also already secured the lease of buildings to government as well as a leading financial institution.
 
Comments David Reid, GM for Pam Golding Commercial in Gauteng: "Unique and progressive in design and ideally positioned, the high-tech Menlyn Maine project portrays the new face of South Africa's capital city and the Tshwane Metro. With a vibrant urban character and world-class design, it offers a healthy balance between office, retail and lifestyle while taking environmental responsibility to a level unparalleled in this country. It could not be better situated, in the heart of an existing residential, retail and business node and close to hospitals, schools, embassies and a golf course."
 
Adds Greeff: "Given the convenient location of Menlyn Maine, coupled with the highly desirable environment, this project has extremely high appeal for companies and enterprises right across the business sector. Now that we are marketing commercial space we are receiving enquiries from interested tenants which represent a broad range of diverse operations, including professionals."
 
Issued by Gaye de Villiers


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