Loftus Park mixed-use development project, South Africa
Name of the Project
Loftus Park mixed-use development project.
Location
Gauteng, South Africa.
Client
Redefine Properties and Abland.
Project Description
The development comprises a planned 55 000 m² mixed-use development.
The first phase will comprise 34 000 m² of A-grade office space, a gym and an open-air piazza, with restaurants and a convenience retail offering. A new 152-room hotel by Marriott will also debut at the site.
Phase 2 will add 7 600 m2 to the development and include a hospital.
Phase 3 will include 13 000 m2 of office space.
The precinct will be accredited as a 4-Star Green Star Building.
Potential Job Creation
Not stated.
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
None stated.
Key Contracts and Suppliers
WBHO (construction contract – Phase 1).
On Budget and on Time?
Not stated.
Contact Details for Project Information
Redefine Properties, tel +27 11 283 0000 or email enquiries@redefine.co.za.
Abland, tel +27 11 510 9999 or fax +27 11 510 9990.
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