Sycom Property Fund has increased its commercial office investment in the Western Cape with the purchase of a R150-million turnkey office development in the Cape Town CBD.
The office block will be built on a portion of the old Power Station site on the Foreshore, next door to the new Investec building and near the Cape Convention Centre.
Sean Kenealy Architects has designed a wedge-shaped building of 14 storeys, offering 13 841sq m office accommodation with a ground floor retail area of 16 86sq m.
Sonnenberg Hoffmann and Galombik Attorneys has signed a 10-year lease for about 7 000sq m with an option to increase space by another 750sq m before the completion of the project.
Publisher: The Star
Source: The Star
