Africa’s tallest building - Update

Construction of the proposed tallest building in Africa, which will be situated in Centurion, Gauteng, can start early in 2015

This according to the Thswane-metro which revealed that plans for the construction is going well and they are currently sorting out the details with the developer,Cresco Properties, and they hope to have negotations finished by March 2013.

When the first plans were revealed earlier this year, the ambitous Symbio City development made eyes water with its plans for a three tower development. The tallest tower would rise above the Centurion CBD at a staggering 110 storeys and 447m.

The two other towers would be 80 and 60 storeys respectively.

Subesh Pillay, Tshwane mayoral comittee member for city planning said that the muncipality is hoping that all negotiations would be finished by March next year so that the developers could start with “detailed planning.”

Pillay said that there are mixed reactions about the development.

He said that there are many questions about the viability of the development if one takes in consideration how many current office spaces are empty in the area.

“The development will attract tenants of a different kind. There is already interest from international companies. If big global brands are attracted, then Centurion will no longer be a small town, but will be able to boast with an impressive corporate address,” he added.

Tshwane plans to build a conference venue on the vacant land opposite the Centurion Mall, building is expected to start around June 2013.

The Symbio City development gives Tshwane the opportunity to resolve their issues with the polluted lake as well as receiving a percentage of the rental fee.

Pillay said that it was established in 2007 that it would cost R45 million to fix the lake and a further R8 million a year for running costs.

Rodger Warren of Cresco Properties said that Centurion is already becoming a corporate destination.

“The lake’s position is perfect, it is close to the N1 and N14 highways and close to the Gautrain station,” he said.

Warren had said that they did not set out to develop the tallest building in Africa, but after a lot of research it was the “end product”

It is also said that the development will be green, the three towers which will include apartments, offices, shops and a luxury hotel, will be surrounded by a greenbelt.

Warren also said that the project will cost R18 billion.


  Comment on this Article

  Please login to post comments

Post to my facebook wall
Characters remaining

    Latest Property News
    • 19 Jan 2018
      Extending from Randfontein in the west to Roodepoort in the east and including the towns of Krugersdorp and Magaliesburg, the West Rand has a plethora of property available to residents who choose to make this unique area their home.
    • 19 Jan 2018
      When it comes to financial planning, doing the work to ensure you’re prepared for unexpected emergencies is just as important as ticking off your other goals and New Year’s resolutions. The beginning of the year is also the perfect time to review your various insurance policies.
    • 19 Jan 2018
      No surprises at the first Monetary Policy Committee of 2018, as Reserve Bank Governor, Lesetja Kganyago, announced that the interest rates would stay at their current levels.
    • 18 Jan 2018
      The Southern Suburbs make up some of the most popular residential areas in Cape Town, comprising charming groups of suburbs which lie to the south-east of the slopes of Table Mountain. It is seen as the city's most expensive residential neighbourhoods with a choice of various private schools, upmarket eateries, wine estates, beautiful homes and trendy apartments.
    • 18 Jan 2018
      New year, new goals! If you’ve resolved to purchase your first property in 2018, then this 6-step guide from the Rawson Property Group is a must-read. It will help you navigate and simplify what is often be seen as a confusing process of buying your first home – right from the house-hunt to the house-warming.
    • 17 Jan 2018
      While the current property market may still favour buyers, it doesn’t mean that they shouldn’t be well prepared before putting in an offer to purchase.
    • 17 Jan 2018
      Lightstone lists Blair Atholl as the most expensive suburb with an average house price of R11.2 million, followed by Westcliff (R10.5 million), Dunkeld (R9.3 million), Sandhurst (R9.1 million) and Inanda (R7.2 million).
    • 17 Jan 2018
      As it currently stands, there are four main ways in which a home can be bought in South Africa, says Adrian Goslett, Regional Director and CEO of RE/MAX of Southern Africa, who adds that deciding in which legal entity to purchase the property is not a decision that should be entered into lightly, as each has its pros and cons.
    Subscribe to the MyProperty Newsletter

    Last Name  
    Email Address  
    Email Frequency
    Share this Page

    For Sale Property
    Rental Property
    More Options
    Connect with us