Semi-rural attraction: spaciousness and country atmosphere are pulling in tenants.

Posted On Saturday, 22 February 2003 10:01 Published by
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Steenberg development offers 'home from home' office style Impti du toit IN THE latest project at Steenberg Office Park.

Steenberg development offers 'home from home' office style Impti du toit IN THE latest project at Steenberg Office Park, Amdec and Lovemore are building The Terraces - classically proportioned double-storey office blocks with floor plans of between 700m2 and 1 100m2.

They have been designed by architects Moren Williams Lotter and Forsyth in a Cape vernacular style with a few subtle features to make them suitable for a site that is typical of the Cape.

The popularity of the R60-million development stems from three main factors, says Steve Lovemore, one of the partners in this decentralised office park.

These are the pleasant, semi-rural nature of the site and the tight security in operation 24 hours a day throughout the precinct.

And, perhaps above all, is the fact that the 11 separate blocks in The Terraces will enable owner-occupiers or tenants to establish their identities, and to occupy stand-alone premises that will advertise their name and give them 'the breathing space that is simply not possible to achieve in the more congested areas of the Cape Peninsula'.

Lovemore says these advantages are clearly a big step up compared with being tucked away on one or two floors in a CBD high-rise building.

As a result, the preference for this type of 'home from home' office complex is growing stronger year by year, and demand for units of the kind being marketed at The Terraces is increasing all the time.' Steenberg Office Park is part of the Westlake redevelopment carried out by Rabie Property Projects, Cavcor, BoE and Wescape.

The developers recently announced that all land in Steenberg Office Park One was sold out and only one commercial opportunity remains: a site alongside Steenberg Lifestyle Centre offering 1 800m2 of bulk.

Each of the offices at The Terraces has an extensive piazza area to encourage outdoor meetings and for lunch-hour use.

All units will provide five parking bays per 100m2, of which about two-thirds will be under the buildings. As the project's name reveals, all the buildings are on terraced sites to ensure that they enjoy uninterrupted northern views of the playing fields at Reddam House and the Constantiaberg mountain range.

To date two sites have been sold and two buildings completed in the development. Work on a further two buildings begins this month.

Lovemore says there is growing interest not only from potential office occupiers but also from syndicates and investors looking to develop units that they will be able to rent out or sell off under sectional title - as Amdec itself has done on its previous complexes in the office park.

The greatly reduced travelling time and the increased productivity that decentralised office parks of this kind make possible have resulted in a flood of enquiries - and, with the US Embassy now building on four hectares, land here has run out, says Lovemore.

l Contact Steve Lovemore at 021 510 6720.

Publisher: Weekend Argus
Source: Weekend Argus

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