AMDEC have recently launched the second phase of its office development at Steenberg Office Park. It will be called 'The Terraces'. The new project, with a value in excess of R60 million, is in a strategic position at the foot of Ou Kaapse Weg and next to the entrance gate to the office park.
'The Terraces' will ultimately bring a further 9000m² of 'A' grade office space and 400 parking bays to the Steenberg precinct. It will comprise five buildings, all set within a beautifully landscaped environment. The project has been named 'The Terraces' because each building has been designed by the Architects Moren Williams to fit into the naturally terraced ground. As a result each building will enjoy panoramic, uninterrupted mountain views. This project, combined with the development of 5000m² elsewhere in the office park, makes Amdec responsible for 70% of the office space constructed at Steenberg. Amdec have already successfully completed the first phase of their construction at Steenberg - Constantia House, Steenberg House and Silvermine House. These are now completely sold out.
Construction of 'The Terraces' is being handled by the contractor Lovemore and Company who are confident that they can deliver the first building before the year end.
Amdec’s marketing manager Craig Ballington, said he is delighted with the contractor’s progress.
'The first building is already sold and the new owners Prescient Investment Management will be occupying the building in the new year,' he said. 'Sales are so good we have already pushed the button to begin construction of our second building early next year and a second buyer has already signed an offer to purchase !'
'A big advantage of dealing with Amdec,' said Ballington, 'is that we do not try to dictate interior layouts to clients - they can have open plan or compartmentalised space or a combination of the two. This has been much appreciated by those with whom we deal.'
'Most of those taking space at Steenberg', said Amdec Director James Wilson, 'are businessmen living in Constantia, Tokai, Steenberg and Noordhoek. These people are no longer prepared to spend valuable working time driving long distances to their offices and, in addition, insist that both their homes and work premises are in well landscaped security estates. Some of their staff may live in the north, they like working at Steenberg because in most cases it involves them travelling to and from work on relatively empty roads against the traffic flow'.
'The desirability of Steenberg Office Park', added Wilson, 'was greatly enhanced when the United States government purchased all the remaining office space at the northern end of the Steenberg Estate (near Reddam School) for their new Cape Town Consular building. Suddenly it was realised that the supply of land at Steenberg had run out - and those of us with a product to offer here found ourselves very much in demand.' All the Amdec finance to date has been supplied by the Nedcor Group.
Publisher: Cape Business News
Source: Cape Business News
More office space at Steenberg.
Posted On Thursday, 28 November 2002 10:01 Published by eProperty News
AMDEC have recently launched the second phase of its office development at Steenberg Office Park. It will be called 'The Terraces'. The new project, with a value in excess of R60 million, is in a strategic position at the foot of Ou Kaapse Weg and next to the entrance gate to the office park.
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