Cape Town Property Investment

Century City is a mixed-use development situated on the N1 Highway, approximately 10km north of Cape Town’s city centre. Comprising retail, leisure, office and residential components, it is one of the most successful developments ever built.

Valued at around R16bn, the well established business, residential and entertainment hub boasts excellent infrastructure and security. Blue chip anchor tenants and little available stock have weighed in to provide investors with outstanding returns.

Century City business property, in particular, has proved to be remarkably resilient during one of the worst recessions in living memory. Continued strong demand for office and retail space in the Century City precinct has witnessed vacancies drop by 8.7%, an indication that property offering value for money in good locations is in short supply.

Peaking at 18.6% in 2008, vacancies plummeted to 9.9% in the third quarter of 2010. With a combination of secure occupancy rates and office rentals reputed to be amongst the highest in the Western Cape, business property in Century City remains one of the most lucrative investment opportunities in South Africa.

According to Greg Deans, a director of the Rabie Property Group which owns the development, “Century City’s popularity as an office destination has grown as the development has matured and as a result of the emergence of a three-tier market with tenants having a much broader choice of products at varying rentals”.

“The success of our residential developments is also having a positive impact on commercial lettings with a growing number of people working in the precinct choosing to live here and vice versa,” he said.

Why buy business property in Century City?

The outlook for business property in Century City for the next 12 months is positive. A drop in supply yet a steady demand for modern, decentralised office and retail space is expected to add even more value to business property.

With manageable vacancy rates, average rentals of around R105 per m2, an anticipated capitalisation rate of 9.5% and the news that South Africa’s commercial real estate market is one of the healthiest in the world all combine to add value to an already priceless product.

Business property for sale in Century City

Specialist property brokers, Mor Property Investments, sells commercial and business property in Century City and Milnerton, as well as residential property in Century City. Based in the Century City business precinct and with vast experience in bringing buyers and sellers together, Mor Property Investments are the discerning choice for potential business property investors. Contact Mor today or view their online portfolio of properties to invest in one of the most successful developments in the country.

A new 11,000m2 office block is being developed in Century City, the upmarket retail, business and leisure precinct in Cape Town. Soon to be brought to the market by Rabie Property Group, the development is set to offer fantastic investment opportunities for those seeking to buy business property or commercial property in Cape Town.

Park Lane will afford small developers and owner-occupiers the option of developing or constructing their own business premises at Century City, currently one of the most sought-after areas for office premises in Cape Town. Featuring advanced infrastructure and security, an efficient internal transport system and quick access to the Cape Town city centre, Century City is a safe, accessible and sophisticated base for business premises in Cape Town.

About the new business property development

Following the hugely successful launch of The Estuaries office park – a collection of 18 serviced commercial sites that sold out within 2 weeks – Rabie decided to launch Park Lane. And a unique investment opportunity it is: This is only the second time in the five years since Rabie acquired the remaining vacant land at Century City that it has made serviced office development sites available to owner-occupiers or other developers. Construction is nearly complete at the Estuaries, and the development is fully tenanted.

Similar success is expected of Park Lane, which comprises 16 serviced plots in a scenic park-like area, each of which will vary in size from 440m2 to 1,100m2. Century City has grown into one of the most popular business precincts in Cape Town in recent years, and business property of this calibre is usually quickly snatched up by savvy investors.

According to one of the directors of Rabie, John Chapman, the development comes in response to market demand for land that is zoned, sub-divided and smaller, yet boasts office rights in the commercial precinct. Apart from stylish architectural design, paved courtyards and proximity to Century City’s top amenities, the block will also feature undercover and ground-level parking, as well as pedestrian walkways. Completion is expected in April 2011.

Purchasing business property in Century City

If you’re looking to buy business property or invest in managed commercial property in Century City, Mor Property Investments is ideally placed to assist you. Contact us now for more insight into the latest property developments in Century City, and to view our portfolio.

We specialise in matching our clients with the most lucrative commercial property opportunities in Cape Town. Get in touch now.

A 7,000m2 eco-friendly office block is currently under construction at Century City for engineering giant Aurecon, and is being developed by Rabie Property Group at a cost of R150-million. The aim of the development is to be considered for a Green Star rating by the Green Building Council of South Africa (GBCSA).

At present, only one South African office building has achieved this rating: The second phase of Nedbank’s head office in Sandton, which was awarded the accolade for design, indicating best practices in green construction.

Century City: The ideal environment for eco-friendly business property

It’s fitting that the development is situated in Century City – one of the Western Cape’s most lush and scenic business areas. The precinct, a mixed-use development comprising retail, residential and commercial property, is surrounded by protected wetland environments, waterways and canals.

Construction of eco-friendly commercial property in Cape Town thus makes sense in this conservation-focused environment – an environment that is also sophisticated and geared towards supporting business infrastructure of any size and scope. Aurecon’s regional operations were previously based in three separate offices in Cape Town, but the company has chosen to consolidate its operations in a single building in Century City, and one that’ll provide the opportunity to demonstrate their commitment to sustainable development.
In developing Aurecon’s eco-friendly regional headquarters, construction will take into account energy, water, transport, emissions, land use and ecological issues, as well as indoor quality and materials used. Other factors that will be incorporated into construction include:

• Natural ventilation systems
• State-of-the-art air-conditioning
• Grey water irrigation systems, and collection of rain water for toilets
• Energy-efficient window glazing
• A building management system to monitor and manage energy consumption
• All work stations will feature views of the outside environment, which reduces the phenomenon of “sick building syndrome” and maximises staff productivity.

Thanks to the passive design by Maas & Coetzee Architects, the building will be designed in such as way as to receive maximum indirect sunlight and minimum direct sunlight from easterly and westerly directions.

Buying commercial property in Cape Town and Century City

Mor Property Investments is a specialist property brokerage based in Century City, Cape Town, experienced in matching investors with lucrative investment opportunities in Century City and Milnerton.

View our portfolio of business property in Century City, as well as commercial management property in Century City and Milnerton. Alternatively, contact us now to discuss your specific property investment requirements with us.