select
|

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


  Comment on this Article

  Please login to post comments

Post to my facebook wall
  
2000
Characters remaining


    Latest Property News
    • 22 Jun 2018
      The rental market in many Johannesburg suburbs has shown encouraging signs of revival this year but it remains a competitive market and landlords who best cater to their market’s needs will reap the healthiest returns.
    • 22 Jun 2018
      Home design is constantly evolving to reflect the changing needs of society. We look at some of the ways in which our use of space is changing.
    • 22 Jun 2018
      While estate agents can help the seller with correctly pricing the property and marketing a property to the right pool of potential buyers, at the end of the day it’s the impression that the property will make on buyers that counts the most.
    • 21 Jun 2018
      Anyone who’s ever been involved in a building project that’s gone wrong will appreciate the importance of adequate insurance cover in the construction industry.
    • 21 Jun 2018
      A recent news story about a blind tenant caught in a legal battle with his body corporate over letters and notices he was unable to read and consequently comply with has raised the question: what are the legal obligations for landlords with disabled tenants?
    • 21 Jun 2018
      A trend that’s taken the world by storm in recent years is that of hygge (pronounced: hue-guh), a Danish concept that is about creating intimacy, connecting with loved ones and taking pleasure in small, ordinary things.
    • 20 Jun 2018
      Buying or selling real estate isn’t as easy as it is portrayed sometimes, especially if there is a death of a party during the transaction which can make it awkward, tricky and inconvenient.
    • 20 Jun 2018
      With interest rates remaining at historic lows and banks continuing to compete for mortgage finance business, first-time buyers with funds at their disposal are currently well-placed to gain that initial foothold on the property ladder, particularly in the light of the slightly lower growth rates currently experienced in residential property values.
        
    X
    Subscribe to the MyProperty Newsletter

    Name  
    Last Name  
    Email Address  
    Email Frequency
    select
    X
    Share this Page

       
    For Sale Property
    Rental Property
    More Options
    About
    Connect with us
    FEEDBACK