With its ability to attract the highest end of the South African consumer market it is no wonder that a consummate mix of retailers, hotels and blue-chip companies have chosen Melrose Arch as their  location.

As such, the 34,900m² new AAA-grade commercial space at Melrose Arch Offices on the Piazza is being marketed as one of the most prestigious business addresses in South Africa.

Set to achieve market leading gross rentals of R200/m², prices are reportedly not really making a dent in demand with some 11,500m² of space already let and substantial portions currently under negotiation. According to a leasing representative, rentals of R190/m² are currently being achieved.

“With all existing office space in the (existing) precinct fully let, the new office space is perfectly timed to take advantage of strong demand and constrained availability,” notes Melrose Arch Development Company Director Nicholas Stopforth. Melrose Arch corporate tenants include the likes of Allan Gray, Bidvest, The Bond Exchange of SA, Stanlib, Xstrata Coal and Xstrata Alloys.