The 275 square metre building is situated at the entrance to Central Park the latest office park to be developed by the Rabie Property Group in the burgeoning precinct.

The building, which was designed by Moren Williams Lotter Forsythe architects, overlooks the Grand Canal and Century City’s award-winning Intaka Island nature reserve as well as the village green around which the Central Park office park is being built.

The deal was negotiated by Giles Balmer of the Rabie Property Group.

It is one of five completed buildings in phase one of Central Park which will eventually comprise a total of 18 000 square metres of intimately planned, village-scale office buildings in three unique but interrelated office parks.

Also completed to date is The Pavilion, a sectional title office block where all but two of the 18 sectional title office suites remain to be sold; the Century City clubhouse and village green as well as another fully let standalone office block.

Central Park is also home to the new offices for the Century City Property Owners’ Association (CCPOA), a section 21 company which represents all stakeholders at Century City and which is responsible for the running of the burgeoning precinct.

Greg Deans, a director of Rabie Property Group, said Central Park, which had been designed as the hub of community life at Century City, had proven extremely popular with both investors and tenants with rentals of up to R135 per square metre being achieved.

“Planning to bring on additional buildings either to let or to purchase to meet continued demand for office space at Central Park is well underway,” he said.