Abland and Tiber have joined forces to develop the Sandton Gate precinct.
“We believe that the strong complementary skills and expertise within our two companies can be harnessed to successfully deliver, execute and manage a development of this magnitude,” commented Fernando Cardoso, Tiber CEO.
Jurgens Prinsoo, MD of Abland added: “We have the opportunity to do something special here. This is an exceptional site for a strong nodal development.”
Situated on William Nicol Drive between Sandton Drive and Republic Road, Sandton Gate is easily accessible via a number of major arterial routes from Sandton, Hyde Park and the N1 freeway as well as finding itself alongside the current S5 Sandton – Fourways Gautrain Bus Route. It is also located on one of the planned routes for the extended Bus Rapid Transit (BRT) system, which in turn will link it conveniently to the Rosebank and Sandton Gautrain stations.
The site provides 130,000 m² of developable floor area made up of approximately 80,000 m² of offices, 400 residential units and a variety of lifestyle and smaller retail amenities. The site is adjacent to the Braamfontein Spruit. The entire stretch of river adjoining the site will be rehabilitated and upgraded as part of the project.
The intention is for every commercial building in Sandton Gate to obtain a minimum Four Star Green Star SA rating. ”We are proud to say that the entire precinct will be Green Star SA rated and that Sandton Gate is one of the sites being used as a pilot in the development of the precinct rating tool by the Green Building Council of South Africa,” Prinsloo noted.
The first phase of Sandton Gate will include all necessary infrastructure, plus 10,000 to 15,000 square metres of commercial office space, and a residential component which will commence in the latter part of 2017. Thereafter, the development will progress according to market demand. The commercial buildings will be developed as high-end A-Grade and P-Grade buildings offering maximum flexibility to accommodate large, medium and smaller users. The residential units will be available for sale and/or leasing while the commercial buildings will be available for leasing.
The Abland / Tiber Joint Venture will manage all aspects of the development, from the initial planning, design, construction, leasing and ultimately the management of the entire precinct.
Top photo: An artist impression of the Sandton Gate precinct