Enterprising landlords raise the quality of office space

As commercial property owners continue to compete for office tenants in a constricted market which has to a large degree favoured the latter - who are able to shop around for the best deal, landlords with foresight have raised the standard and quality of their offerings.

View of Fourways Golf Park, showing one of the properties which has been revamped. 

So says Jonathan Klimek, leasing, sales and investment consultant for JHI Properties in Gauteng, who says that enterprising property owners are capitalising on the demand for appealing, value-for-money office accommodation in convenient locales.
“Capital Property Fund has recently completing the revamp and refurbishing of the entire Fourways Office Park along with the buildings they own within Fourways Golf Park, modernising and improving each to A-Grade quality while still offering highly competitive rentals of R105 per square metre, versus around R140 per square metre for comparable space in other developments.
“A rapidly growing, major commercial, residential and retail node, Fourways is easily accessible via the N1 off-ramp along William Nicol Drive, from Witkoppen Road, or via the R511, while the increasingly popular Lanseria Airport is only about a 15 minute drive. The fact that Fourways has been included for the site of a proposed new Gautrain Station is further acknowledgement of the relevance and strategic location of the area.  Over the years this node has experienced massive growth and is today a thriving community well served by good infrastructure and multiple service and recreational facilities, including the highest standard of shopping, schools, medical, fitness and health centres, sports activities, restaurants and other entertainment,” says Klimek.

View of one of the buildings in the revamped Fourways Office Park.

He says in line with this, the residential component of Fourways has increased dramatically, underpinned by well-maintained, attractive neighbourhoods with an emphasis on security, and further boosted by an excellent resale reputation. “With proximity to the workplace a key imperative in today’s world of e-tolls, rising traffic congestion and numerous other demands on our time, the advantages of being able to live within minutes of office developments such as Fourways Office Park and Fourways Golf Park are apparent.”
As a result of the revamps and improved offering, JHI Properties has halved vacant space in Fourways Office Park from 8000sqm to less than 4000sqm over the past eight to 12 months. The remaining available space comprises pockets of office accommodation in three buildings, ranging from 221sqm to 436sqm and with the flexible option to consolidate premises to 645sqm or combine ground and first floor space to a total of 850sqm. Tenants who have already taken up space in this office park include Blue Horizon Licensing and Exposure Marketing who relocated from North Riding, near the Dome.

The improvements to Fourways Office Park were extensive, including extensive upgrading and renovation of the exterior facades to a more modern look, upgrading of the sprawling, spacious gardens with attractive sidewalks, and refurbishment of the entrance and interiors with new floor tiling and renovated kitchen and bathrooms.
Adds Klimek: “With convenient transport access, both office parks provide office space to suit a variety of businesses, from corporate head offices to business schools. The expansive gardens in each affords a very pleasing work environment with tranquil views and the opportunity to walk, even jog around the grounds, while there is good security and ample parking. Both parks offer tenant installations and beneficial occupation periods.”

  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