Edward Nathan & Friendland show commitment to Sandton CBD.

Posted On Friday, 18 July 2003 02:00 Published by
Rate this item
(0 votes)
Leading corporate law advisers Edward Nathan & Friedland have signed a 12 year lease for 7 397m2 of space, negotiated by Debbie Echstein of JHI Real Estate, for premises situated on the corner of Maude and West Streets in central Sandton.

Leading corporate law advisers Edward Nathan & Friedland have signed a 12 year lease for 7 397m2 of space, negotiated by Debbie Echstein of JHI Real Estate, for premises situated on the corner of Maude and West Streets in central Sandton.

According to Coenraad Jonker, chief executive officer of Edward Nathan, the timing is opportune, as they have secured significantly superior space that lends itself to small, standardized cellular offices, and future expansion, without increasing their rentals. “We will also have greater visibility and naming rights.”

Edge Properties, the owners and developers of the 11 224m2 building will be doing a R120 million refurbishment, which is due for completion on 1 July 2004. Andrew Cairns, director of Edge, commented that only the concrete structure of the existing building is to be used, internally and externally the building will be stripped. Nedbank Corporate is funding the project and work commences after the sod-turning ceremony on 2 July 2003.

“Numerous alternatives were examined before the final decision was made and the transaction concluded,” says Les Weil, executive chairman of JHI Real Estate. “JHI has been a client of Edward Nathan for over 70 years and has been responsible for assisting them on a number of occasions in finding office space, such as their occupation of Innes Chambers in 1963.” He added that the transaction is beneficial to both landlord and tenant.

 

Ends

 

Issued by:

Rosemary Roberts

JHI Real Estate Ltd

Tel: (011) 441-0339    Fax no.: (011) 441-0172

This email address is being protected from spambots. You need JavaScript enabled to view it.

July 2003
Publisher: JHI Real Estate
Source: JHI Real Estate

Most Popular

Repo rate unchanged at 3.5%

Mar 25, 2021
Lesetja_Kganyago_SARB_Governor
The Monetary Policy Committee has decided against altering the repo rate, deciding to…

Park Village Auctions brings to market a well Designed Factory with Offices

Apr 05, 2021
Default Image
Park Village Auctions brings to market a well Designed Factory with Offices

The Business Exchange announces new Dollar-based investment opportunity for South Africans

Apr 06, 2021
David_Seinker_CEO_The_Business_Exchange
Serviced office space provider The Business Exchange (TBE), in partnership with Maxcity…

Absa partners with Amdec Group to bring iconic Harbour Arch development to fruition

Mar 30, 2021
Harbour _Arch_Context
Absa Bank has partnered with Amdec Group, South Africa’s leading developer of new urban…

Growthpoint completes Cintocare Hospital development - the first of its kind for Africa

Apr 06, 2021
Street view of the Cintocare Hospital
A 11 000 sqm specialised surgical hospital development by Growthpoint Properties (JSE:…

Please publish modules in offcanvas position.