Name and Location
1 on Mutual, Gauteng, South Africa.
Client
REIT Octodec.
Project Description
1 on Mutual is a mixed-use development situated just off Church Square, in Tshwane, Gauteng.
The development comprises 400 m2 of prime office space and a 1 550 m2 of quality retail offering.
In addressing a demand for more upmarket accommodation in the central business district, the development will include 142 modern city apartments, encompassing bachelor, one- and two-bedroom units. The building will also provide 210 much-needed parking bays.
The red-brick Volksbank heritage building will be included in the development and, in embracing the city’s legacy, the outside façade of the building will remain unchanged. The double-storey office building will be refurbished internally and an outside landscaped courtyard will be created between the existing and the new building.
A new arcade, linking 1 on Mutual to the existing Capitol Towers building, will offer further retail opportunities.
Value
R161-million.
Duration
The project broke ground in June 2014 and is scheduled for completion in April 2016.
Latest Developments
None stated.
Key Contracts and Suppliers
None stated.
On Budget and on Time?
Not stated.
Contact Details for Project Information
Instinctif Partners on behalf of REIT Octodec, Louise Fortuin, cell +27 71 605 4294.
REIT Octodec, tel +27 12 319 8781 or