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

Anuva Investments launch Section 12J hospitality fund with property partners Flyt Property Investment

Oct 18, 2019
Zane De Decker HR
Investment into Section 12J venture capital vehicles has seen a huge uptake over the last…

Fairvest to become fourth property company to list on A2X

Oct 30, 2019
DARREN WILDER
Fairvest Property Holdings, a real estate investment trust with a market cap of R2…

Significant shifts in the Winelands commercial sector

Oct 18, 2019
Caption Somerset West commercial
A decade of corporate semigration and decentralisation fuelled the Winelands commercial…

Property market ready for take-off as bond grants rise

Oct 18, 2019
BetterBonds Mortgage Monitor
Housing demand has continued to gain momentum since the start of the year and in the…

Equites Property Fund Interim Results

Oct 18, 2019
Andrea Taverna Turisan CEO Equites Property Fund
Equites Property Fund Limited (Equites) today announced distributable earnings for the…

Please publish modules in offcanvas position.