Loftus Park mixed-use development project, South Africa
Name and Location
Loftus Park mixed-use development project, Gauteng, South Africa.
Client
The project is a 50:50 joint venture between Abland and Pivotal Property Fund.
Project Description
The development comprises a planned 55 000 m² mixed-use development, with the first phase comprising 34 600 m² and 1 800 parking bays and the second phase 20 000 m² and 600 parking bays.
The first phase includes 16 000 m² of offices, 8 400 m² of retail, a 6 700 m² hotel and a 3 500 m² gymnasium.
Value
The project is valued at R1.45-billion.
Duration
The various phases of development are expected to be rolled out over a three- to four-year period.
Latest Developments
Wilson Bayley Holmes Ovcon (WBHO) has been awarded a R750-million contract for the construction of the first phase of the project.
The sod-turning ceremony took place in September, when the site was handed to Abland’s earthworks contractors for the excavation of the super basements.
These excavations have now been completed.
Key Contracts and Suppliers
WBHO (construction contract – Phase 1).
On Budget and on Time?
Not stated.
Contact Details for Project Information
Abland, tel +27 11 510 9999 or fax +27 11 510 9990
Pivotal Property, tel +27 11 510 9999.
WBHO, tel +27 11 321 7200, fax +27 11 887 4364 or email wbho@wbho.co.za.
Comments
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation