select
|

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.

(Beeld24)



  Comment on this Article

  Please login to post comments

Post to my facebook wall
  
2000
Characters remaining


    Latest Property News
    • 20 Nov 2017
      Since 2012, sectional title complexes have been leading the South African property market, not only in terms of price growth, but sales volumes as well. Remaining relatively strong, even in the face of 2017’s political and economic turmoil, experts say this market segment could offer valuable insight into South Africans’ property purchase priorities.
    • 20 Nov 2017
      Regardless of whether you are purchasing your first start-up home, downsizing or moving in with roommates, finding ways to maximise small spaces can be a big advantage, says Adrian Goslett, Regional Director and CEO of RE/MAX of Southern Africa.
    • 20 Nov 2017
      Property valued at approximately R1 billion is on High Street Auctions’ sales floor during the month of November, including the much-anticipated sale of the Tshwane Mayoral Residence and the land occupied by one of South Africa’s oldest operating gold mines.
    • 17 Nov 2017
      FWJK has announced the launch of its latest residential brand, the Lil’ Apple, which will be launched simultaneously in two developments in Cape Town and Umhlanga totaling 600 apartments. The Lil’ Apple is set to be a brand of FWJK’s New York style apartments which will be rolled out nationally.
    • 17 Nov 2017
      It’s been a tumultuous year on many fronts, with socio-political uncertainty setting the tone for much of South Africa’s economic activity yet despite this and seemingly counter-intuitively, the residential property market has held up well.
    • 17 Nov 2017
      The EAAB (the Estate Agency Affairs Board) recently claimed that around 50,000 illegal estate agents could currently be operating illegally.
    • 16 Nov 2017
      Penthouses are synonymous with New York – characterised by high-rise living that is decidedly luxurious and spacious. While exclusivity comes at a price, you can still create a “penthouse” look and feel in your existing apartment or even the upstairs bedroom of a double storey house with some clever design changes and styling touches.
    • 16 Nov 2017
      The area has long been popular with kite surfers and, with escalating property prices in Cape Town itself, is increasingly in demand with home owners who work in town, but are looking to invest in more affordable properties.
        
    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