Government to save R85m a year in rentals with new Freedom Park offices

Posted On Tuesday, 16 September 2014 08:17 Published by
Rate this item
(0 votes)

Building a R1.4bn precinct in Freedom Park, Pretoria, will save the state more than R85m a year in rent once government departments move into their new accommodation in June 2016.

Freedom Park

Freedom Park, in Salvokop, will house Statistics SA and the departments of correctional services and of human settlements. The Dipalopalo consortium, whose shareholders include Wilson Bayly Holmes-Ovcon, Royal Bafokeng Astrapak and Servest, will build the 52000m2 office precinct.

Stats SA's 2549 employees currently operate from leased buildings, two in the Pretoria CBD and two in Pretoria West. Construction began in May. The building will have 28 meeting rooms, nine boardrooms and about 52 individual offices for executives. Stats SA's deputy director general for corporate services, Akhtari Henning, said the agency would occupy the space on a rent-to-own basis over 27 years.

The deal, he said, would save the state more than R85 million a year in rent. "All we have to do is pay our rent and the consortium does everything, from maintenance to providing security," she said.

Henning said other agreements reached with the consortium was to source 85% of materials from local suppliers, building of a child care facility for the community, promote skills development and target women and youth in construction.

Minister in the Presidency Jeff Radebe said the project signalled the start of the development of the Salvokop government precinct which will also house the human settlement and correctional services departments.

Last modified on Tuesday, 16 September 2014 08:36

Most Popular

Exemplar REITail Acquires Katale Square Shopping Centre

Sep 23, 2019
 JASON MCCORMICK
Real estate investment trust, Exemplar REITail, has acquired Katale Square shopping…

Mall of Africa Celebrates Launch of New Generation Pick n Pay Store

Sep 23, 2019
 MOA PNP  1
Today Mall of Africa welcomed one of South Africa's biggest grocery retailers to the…

Grit Real Estate financial results for the year-ended 30 June 2019

Sep 30, 2019
 BRONWNY CORBETT
London Stock Exchange listed Grit, the only listed Africa-focused income distribution…

4AX listed Heartwood Properties reveals positive financial results

Sep 23, 2019
 JOHN WHALL
Commercial property development company, Heartwood Properties¬†, has revealed a 30%…

Reserve Bank keeps repo rate unchanged

Sep 23, 2019
 LESETJA KGANYAGO
¬†South African Reserve Bank Governor Lesetja Kganyago on Thursday said this is in line…

Please publish modules in offcanvas position.