Eagle Park 98% leased after purchase last September.

Posted On Monday, 27 January 2003 10:01 Published by
Rate this item
(0 votes)
SPEARHEAD Property Holdings' reputation for being able to achieve speedy take-ups on their premises has been confirmed by their leasing division's recent performance on the former Siltek Park.

SPEARHEAD Property Holdings' reputation for being able to achieve speedy take-ups on their premises has been confirmed by their leasing division's recent performance on the former Siltek Park, now named Eagle Park, in Montague Gardens. Bought by Spearhead in September last year, the 4 200m2 of space in the centre is now 98% let.

Those who have signed up and moved in include Eagle Freight (who were given the naming rights for the building), Regma (the stationery suppliers whose deal was brokered by Diamond Properties), and LG Electronics (the Korean headquartered company in a deal brokered by Lorimer Properties and Diamond Properties).

Darren Wilder, chief operating officer of Spearhead's leasing and administrative division, said the building was in good condition when taken over and, unlike most recently purchased buildings, had required minimal refurbishment.

'Right now,' he said, 'the building's high profile position on Bosmandam Road and the rate of inquiries appear to justify making plans to convert the basement into distribution and office space.

The details of this will be released shortly if the plan goes ahead.' For further information contact Darren Wilder on 021 425 1000.


Publisher: Weekend Argus
Source: Weekend Argus

Most Popular

Investec Property Fund launches first REIT sustainability-linked ESG bond in Africa

Apr 22, 2021
Darryl_Mayers_CEO
Investec Property Fund (‘IPF’ or ‘the Fund’) today became the first South African real…

EPP’s new app takes tenant relations to the next level

Apr 22, 2021
Tomasz_Trzósło
Johannesburg Stock Exchange listed EPP, Poland’s biggest retail landlord, continues to…

Rethinking office space in post pandemic SA

Apr 20, 2021
90_Rivonia_results
Since the beginning of the pandemic, one of the biggest questions in real estate has been…

4 simple rules to getting a good credit score

Apr 21, 2021
Carl_Coetzee_BetterBond_CEO
Make buying your dream home an informed purchase by knowing your credit score.

Brokers perceive recovery in industrial and retail market activity, but little sign of improvement in the office market

Apr 15, 2021
John_Loos_fnb
1st Quarter 2021 FNB Property Broker Survey of Rental Market Conditions – Brokers…

Please publish modules in offcanvas position.