Name of the Project
Sandton Gate mixed-use development project.
Location
Sandton Gate will be located on the doorstep of South Africa’s economic business centre, on William Nicol drive, between Sandton drive and Republic road, in Sandton, Gauteng, South Africa.
Client
Abland/Tiber Joint Venture (JV), which will manage all aspects of the development, from the initial planning, design, construction and leasing to the management of the precinct.
Project Description
The proposed Sandton Gate site provides 130 000 m2 of developable floor area comprising about 80 000 m2 of offices, 400 residential units and a variety of lifestyle and smaller retail amenities. This will include a health club, restaurants or cafés, and other smaller-format convenience amenities that will contribute to the overall appeal.
The site is adjacent to the Braamfontein spruit, which will be rehabilitated and upgraded as part of the project, thereby encouraging cyclists and residents to use this open space and the other amenities provided.
Phase 1 will include 15 500 m² of commercial space, 13 000 m² of P-grade office space and a 2 500 m² gym positioned on the piazza level of the building.
The first phase will also include the development of 140 modern open-plan apartments, which will range from two- to three-bedrooms, as well as four-bedroom penthouses.
The residential development will be completed in parallel to the commercial development.
Potential Job Creation
Not stated.
Value
The project is estimated at R3.5-billion.
Duration
The project is expected to start in the latter half of this year.
Latest Developments
The Abland and Tiber JV have broken ground on Phase 1 of the development, with the start of bulk earthworks.
Key Contracts and Suppliers
None stated.
On Budget and on Time?
Not stated.
Contact Details for Project Information
Burston-Martseller, on behalf of the Abland/Tiber JV, Fezile Africa, tel +2711 480 8537 or email fezile.africa@bm-africa.com.