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
    • 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.
    • 16 Nov 2017
      Cape Town’s popularity as a world-class tourist destination has resulted in a spike in the number of homes available for holiday lets and fuelled investor demand for sectional title units with short term rental potential.
    • 15 Nov 2017
      Sappi, one of South Africa’s oldest global companies and a leading global supplier of sustainable woodfibre products, has moved its global and regional headquarters to a new site on the corner of Oxford and 14th Avenue in Rosebank.
    • 15 Nov 2017
      There’s an old saying in real estate that you should seek to make a profit when you buy, not only when you sell – and a large part of succeeding at that endeavour is buying a home in an area with desirable features that will enhance the resale value of your property.
    Subscribe to the MyProperty Newsletter

    Last Name  
    Email Address  
    Email Frequency
    Share this Page

    For Sale Property
    Rental Property
    More Options
    Connect with us