Abland and Tiber on schedule to complete Phase 1 of the Sandton Gate development

Posted On Monday, 06 May 2019 15:43 Published by
Rate this item
(0 votes)

Abland and Tiber, joint developers of the Sandton Gate precinct, are on track to complete Phase 1 of the much anticipated mixed-use development.

 -SANDTON-GATE-1-

The first phase will include 15 500m² commercial space, 13 000m² P-grade office space and a 2 500m² Planet Fitness positioned on the piazza level of the building. Confirmed tenants, who include Mimecast will call Sandton Gate home as of 1st November 2019.

-SANDTON-GATE-2-

“Due to the high demand following the launch of phase 1, we aim to break ground for phase 2 in 2020. We’ve redesigned phase 2 to include more retail offerings that will include a grocery store and pharmacy as anchor tenants, as well as a hotel and a holistic medical offering.  Other amenities will include restaurants, coffee shops, salons and other convenience stores,” says Grant Silverman, Marketing and Leasing Director, Abland.

-SANDTON-GATE-3-

The residential component of the precinct, which will comprise 137 units of 2 and 3 bed penthouses, has launched and infrastructural work and the bulk earthworks have started. With the completion of residential first phase envisaged for Q4 2020, the developers are aiming to hit pre-sale target by August this year which means construction of top structure will commence Q4 2019.

Jurgens Prinsloo, Managing Director, Abland notes “With every project of this size we couldn’t ignore the need for road upgrades. Abland undertook extensive traffic impact assessments to get an idea of the traffic impact once the project is complete. As part of the infrastructural advancements, a new intersection on William Nicol between Mattie and Sandton Drive is currently underway. There will also be an introduction of additional lanes to ensure seamless access to the precinct and decrease potential congestion around the area. Ultimately, there are seven substantial upgrades that we’re doing ranging from the Peter Place intersection, Republic intersection, Mattie intersection, Sandton Drive and William Nicol.”

Last modified on Monday, 06 May 2019 15:55
" "

Most Popular

Equites Property Fund to list on A2X

Jun 25, 2019
ANDREA TARVENA
Equites Property Fund Limited has been approved for a secondary listing on A2X Markets…

McCormick Property Development Celebrates the Opening of Katale Square

Jun 29, 2019
 JASON MCCORMICK
McCormick Property Development celebrated the launch of its 66th development with the…

New standard bank deal will make it easier for self-employed professionals to qualify for the mortgage bonds

Jul 03, 2019
 STANDARD BANK
Ever since the tightening of credit rulings in the South African economy which followed…

Hyprop reduces exposure to Africa and provides pre-close update

Jun 29, 2019
MORNE WILKEN
JSE specialist shopping centre REIT, Hyprop, today announced progress on its strategy…

Twin City to develop new R230m mall in Vryburg, North West

Jul 10, 2019
 TWIN CITY
The North West agricultural town of Vryburg is set to get its first enclosed shopping…

Please publish modules in offcanvas position.