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
Characters remaining

    Latest Property News
    • 16 Feb 2018
      Whether you own a property in a sectional title complex or are looking to invest in one, the financial standing of the body corporate is the single most important thing that can affect your investment or your buying decision.
    • 15 Feb 2018
      One positive consequence of the financial crash in 2008 was the rise in consumerism, especially in the property market, where buyers have steadily become more knowledgeable and more value conscious.
    • 15 Feb 2018
      While most homeowners will take the agent’s commission into consideration when they are trying to determine what the will get out from the sale of their property, many often forget to factor in the other costs involved in a home sale, says Adrian Goslett, Regional Director and CEO of RE/MAX of Southern Africa.
    • 14 Feb 2018
      The forecast for the national rental market in 2018 remains a mixed bag of good news and bad news. Although rentals are expected to rise slowly as the challenges of home affordability and tighter lending criteria tighten their grip, it’s a double-edged sword as the market also will come under increasing pressure from factors like declining disposable income levels.
    • 14 Feb 2018
      While you may not have intended to place your home on the market, what do you do if you receive an unexpected offer on your home? In areas where demand outweighs the current supply of homes available to buyers, it is not unheard of to have buyers make offers on homes that aren’t on the market, says Adrian Goslett, Regional Director and CEO of RE/MAX of Southern Africa.
    • 14 Feb 2018
      If you are looking to sell your home this year, Debbie Justus-Ferns, divisional manager of Renprop Residential Sales, says that there are five crucial things to do before the ‘for sale’ sign goes up.
    • 01 Feb 2018
      February is the month of love and to celebrate we will be posting about all the things we love this month. Follow the #MyPropertyLoves hashtag to keep up with our favourite things.
    • 01 Feb 2018
      After saving up and months of searching for the right home, applying for a bond and patiently waiting for the keys to the front door, it is finally time to cross the threshold and move into your new home. Now what?
    Subscribe to the MyProperty Newsletter

    Last Name  
    Email Address  
    Email Frequency
    Share this Page

    For Sale Property
    Rental Property
    More Options
    Connect with us