Phase 1 of Loftus Park mixed-use development nears completion

14th March 2018

By: Schalk Burger

Creamer Media Senior Deputy Editor

     

Font size: - +

Phase one of the mixed-use Loftus Park precinct being developed by JSE-listed Redefine Properties and built by construction firm Abland will include 34 000 m2 of office space, a gym, an open-air piazza with restaurants and a convenience retail offering, as well as a new 152-room hotel by hospitality multinational Marriott.

“The newly developed precinct provides an integrated work and play environment in what will be a market-defining mixed-use concept,” Redefine averred in a statement on Wednesday.

The precinct will be accredited as a 4-Star Green Star Building.

“The retail component will be anchored by brands like Checkers and Dis-Chem, among others, while Virgin Active will open a premium health club at Loftus Park,” stated Redefine Properties commercial asset manager Pieter Strydom.

“The precinct reflects our proven record of creating bespoke communities that focus on connectivity, walkability and green spaces. Our investment in enhancing access to the Gautrain network was the final piece of puzzle to unlock the true potential of the development,” he added.

The centrally located precinct lies within shadow’s length of the iconic Loftus Versfeld stadium, enjoys good access and, with the Gautrain bus stop adjacent to the precinct, Loftus Park connects to Centurion, Sandton, Rosebank and OR Tambo International Airport via Hatfield.

“Abland worked closely with Redefine Properties to bring this unique development to life, which will set a new standard for quality mixed-use precincts in the node,” Abland marketing director Grant Silverman said.

Phase Two will add another 7 600 m2 to the development and will see the inclusion of a hospital. Phase Three will include the development of an additional 13 000 m2 of office space.

“Loftus Park offers tenants a unique work and play environment, from convenience shopping to schooling, as well as on-site amenities. The mixed-use precinct is located to ignite the greater node around it,” noted Strydom. 

“The precinct is a rare opportunity for tenants to acquire office space in one of Pretoria’s upcoming nodes. We are seeing robust interest given the attractive dynamics of Loftus Park and corporates can benefit from the amenities and excellent linkages via the Gautrain feeder bus,” he added.

Edited by Chanel de Bruyn
Creamer Media Senior Deputy Editor Online

Comments

The functionality you are trying to access is only available to subscribers.

If you are already a subscriber, you can Login Here.

If you are not a subscriber, you can subscribe now, by selecting one of the below options.

For more information or assistance, please contact us at subscriptions@creamermedia.co.za.

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?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION