Growthpoint breaks ground with the development of 144 Oxford
Growthpoint Properties, the leading JSE-listed international property company, has commenced excavation for its new 35,000sqm premium-grade office development in Rosebank, called 144 Oxford. In prime position at the gateway to Rosebank, 144 Oxford features two P-grade office towers of some 17,500sqm each. All of this is located directly opposite the landmark Hyatt Regency, and a short walk from the Rosebank Gautrain Station and other public transport which is plentiful in this well pedestrianised quarter. Taking a step out of its front doors will connect you to the vibrant restaurants, food, lifestyle, shopping, hospitality and entertainment offered by the popular hub of Rosebank Mall, The Zone @ Rosebank and The Firs. Growthpoint Properties Office Division Director Rudolf Pienaar says: “We are excited to develop this new prime property with its prominent Oxford Road address and unrivalled exposure. Growthpoint is creating high-performance workspace in a sustainable office building designed for leading businesses that want to position themselves optimally for productivity and staff retention and enjoy a healthy and energising working environment where their business, people and partners can thrive.” Respected as the leader in commercial green building, Growthpoint owns and co-owns the largest portfolio of green certified office buildings of any company in South Africa. 144 Oxford continues its environmental innovation with Growthpoint targeting a 4 Star Green Star SA rating from the Green Building Council of South Africa (GBCSA) for the development. Head of Development at Growthpoint, Pieter Engelbrecht, comments: “Growthpoint is going from strength to strength in property development and has grown a respected reputation for delivering prestigious, award-winning, green building and other quality and custom-built development projects. We have built up strong development skills and capacity within our team, and the magnificent 144 Oxford will benefit from this expertise.” Growthpoint is behind two of South Africa’s most admired and anticipated developments in the last year. It is co-developer and majority co-owner, with partner Zenprop, of the outstanding new Discovery global headquarters in Sandton Central, which at 112,000sqm is the largest single phase commercial office development in Africa. As 50% owner of the V&A Waterfront, Growthpoint is a driving force behind its new developments including the recently opened Zeitz Museum of Contemporary African Art (Zeitz MOCAA) in the iconic Silo District, which is considered one of the most exciting developments in the world in 2017. 144 Oxford will be as eye-catching and innovative as Growthpoint’s other iconic developments. It features a spectacular glass façade across two interlinked towers, each standing proudly with prow-like prominence giving it exceptional views across the city, looking down over the leafy green suburb of Melrose. Growthpoint Office Division Asset Manager, Paul Kollenberg, points out there is an increased demand in the Rosebank node for P-grade office space. “Rosebank is attracting even more leading businesses and demand for space in the well-located Rosebank office hub can be seen in its P-grade rental levels, which currently surpass even those of nearby Sandton and Melrose.” Growthpoint is a JSE-listed REIT (real estate investment trust) and a leading international property company. It owns and manages a diversified portfolio of 533 properties, including 473 properties in South Africa, 59 properties in Australia through its investment in Australian Stock Exchange-listed Growthpoint Properties Australia and a 50% interest in the properties of the V&A Waterfront, Cape Town. It also owns a 26.9% stake in the €1bn property portfolio of London Stock Exchange Alternative Investment Market-listed Globalworth Real Estate Investment, the largest owner of office space in Romania.